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Trump hails "biggest oil deal in world history" with Venezuela

Axios·August 29, 2026·1 min read
Trump hails "biggest oil deal in world history" with Venezuela

President Trump announced a U.S. deal with Venezuela for control of oil fields with 65 billion barrels of reserves, calling it the biggest oil deal in world history. Secretary of State Marco Rubio led negotiations with Venezuela's interim president, Delcy Rodriguez, describing it as a public-private partnership with U.S. equity and guaranteed off-take oil.

Read at Axios
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