Politics
Scoop: U.S. close to striking "massive" deal for Venezuelan oil fields
Axios·August 27, 2026·1 min read
The Trump administration is in talks with Venezuela's interim government about taking an ownership stake in the country's oil resources, two U.S. officials told Axios. The deal would more than double U.S. oil reserves, drawing from fields with 90 billion barrels of proven reserves. Wars in Iran and Ukraine have disrupted supplies, adding pressure to finalize.
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