This should definitely provide some relief to your wallet at the gas pump!
President Trump just announced a
major oil deal with Venezuela.
The deal will flood the U.S. with an astonishing 65 billion barrels of oil reserves — doubling our current reserves — at zero cost to the American taxpayer!
In a post on Truth Social, President Trump called it “THE BIGGEST OIL DEAL IN WORLD HISTORY” and noted that it will dramatically reduce gas prices for Americans.
Check it out:
"BREAKING NEWS: The United States of America has just entered into an Agreement with the Country of Venezuela on, THE BIGGEST OIL DEAL IN WORLD HISTORY!" – President Donald J. Trump
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— The White House (@WhiteHouse)
August 28, 2026
President Trump’s full Truth Social post reads:
BREAKING NEWS: The United States of America has just entered into an Agreement with the Country of Venezuela on, THE BIGGEST OIL DEAL IN WORLD HISTORY! At my direction, Secretary of State Marco Rubio, and Secretary of War Pete Hegseth, working closely with Highly Respected Interim President of Venezuela, Delcy Rodriguez, and, through a partnership with private business, have secured majority U.S. control of more than 65 BILLION BARRELS of proven Oil Reserves in Venezuela, at no cost to the American Taxpayer. This Historic Transaction MORE THAN DOUBLES American Oil Reserves, greatly increases our Oil Supply, and will substantially lower Gas Prices for all Americans, long into the future, while helping to continue to set Venezuela on a course toward Tremendous Success and Great Prosperity. This Transaction will greatly strengthen the already growing relationship between Venezuela and the United States! Thank you for your attention to this groundbreaking matter. MAKE AMERICA GREAT AGAIN! President DONALD J. TRUMP
This is absolutely
huge news.
Of course, this deal comes after months of war with Iran have driven up oil prices across the globe.
In addition, the Strategic Petroleum Reserve is at a historic low.
CNBC noted:
Department of Energy data released earlier this month showed oil volumes in the Strategic Petroleum Reserve hit lows not seen since the 1980s.
But now, President Trump is carrying out a genius plan to solve both of those issues — by tapping into oil reserves a whole ocean away from Iran’s reach!
AP News provided some additional background:
The announcement of the deal comes nearly nine months after the U.S. military at Trump’s direction carried out an operation to capture Venezuela’s president Nicolás Maduro and spirit him to the United States to face federal narcoterrorism and drug trafficking charges.
Trump faces mounting pressure to address high gas prices as the war in Iran reaches a six-month milestone with no conclusion in sight. The U.S. has tapped its strategic petroleum reserves, which in early August fell below 300 million barrels, down by more than 100 million barrels since the start of 2026.
In the days following Maduro’s ouster in January, Trump floated the idea of U.S. oil companies returning to Venezuela to tap its oil reserves. Trump has argued that Venezuela stole U.S. oil when former Venezuelan President Hugo Chavez’s moved decades ago to nationalize hundreds of foreign-owned assets, including those owned by American oil companies.
Venezuela has one of the largest oil reserves in the world, with an estimated 303 billion barrels of crude oil in the ground. That’s about 17% of the world’s supply, according to the U.S. Energy Information Administration. Unlike other parts of the world, where geologists have to search for untapped oil, the reserves under Venezuela’s soil are largely mapped and known, experts say. But because of dilapidated infrastructure, the country only produces about 1% of the world’s oil.
Perhaps this was President Trump’s plan all along…
It’s very notable that before the conflict in Iran began, President Trump dealt with Venezuela and promised that the U.S. would take back oil from the country.
Watch this clip from back in January:
BREAKING: President Trump announces a MAJOR deal with Venezuela, that will FLOOD America with up to 65 BILLION BARRELS of oil
Gas prices will DROP!
“THE BIGGEST OIL DEAL IN WORLD HISTORY! At my direction, Secretary of State Marco Rubio, and Secretary of War Pete Hegseth,…
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— Nick Sortor (@nicksortor)
August 28, 2026
What a win.
Get ready for gas prices to start plummeting!
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[ H/T WLT Report ]
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