PoliticsTrump says Venezuela oil deal doubles US reserves. What’s the catch?

Name: Trump says Venezuela oil deal doubles US reserves. What’s the catch?
Uploaded: 2026-08-31T18:30:13.000Z
Description: President Donald Trump said the United States reached an oil agreement with Venezuela that would more than double US oil reserves, increase supply and lower gas prices. He said the deal gives the US majority control of more than 65 billion barrels through a partnership with private business.

President Donald Trump said the United States reached an oil agreement with Venezuela that would more than double US oil reserves, increase supply and lower gas prices. He said the deal gives the US majority control of more than 65 billion barrels through a partnership with private business.

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CNN 2026-08-31 18:30