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Trump Strikes $100 Billion Oil Deal With Venezuela

August 29, 2026 • International
US President Donald Trump has announced a $100 billion oil deal with Venezuela, marking a major development in the energy relationship between the two countries. The agreement is expected to focus on expanding Venezuela’s oil production and bringing significant investment into its energy sector. The move could reshape US-Venezuela economic ties while also having wider implications for global oil markets and energy supplies.

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