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Trump just brokered a deal with the country sitting atop the world’s largest oil reserves

Sunday, August 30, 2026


President Donald Trump announced an agreement with Venezuela involving oil extraction from 17 fields containing approximately 65 billion barrels. The arrangement faces significant infrastructure challenges before production can begin. Venezuela holds the world's largest proven oil reserves. Details of the agreement's terms and timeline were not immediately specified.

Original reporting: https://www.foxnews.com/politics/trump-just-brokered-deal-country-sitting-atop-worlds-largest-oil-reserves

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