# Trump announced a massive oil deal with Venezuela. Why it won't lower gas prices anytime soon

https://mins.news/en/item/39188

- CNBC, 2026-08-31 18:54 UTC
- Economy
- Original: https://www.cnbc.com/2026/08/31/trump-venezuela-oil-gas-price.html

> President Donald Trump said Friday that the United States had secured majority control of Venezuela’s 65 billion barrels of proven oil reserves, but the deal is not expected to bring down gasoline prices soon.

## Stories

- [US Venezuela Oil and Diplomatic Relations](https://mins.news/en/topic/us-venezuela-oil-relations) — Markdown: https://mins.news/en/topic/us-venezuela-oil-relations.md

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