Scoop: U.S. close to striking "massive" deal for Venezuelan oil fields
Axios · 27 Aug 2026

Scoop: U.S. close to striking "massive" deal for Venezuelan oil fields

The Trump administration is in talks with Venezuela's interim government about taking an ownership stake in the South American country's enormous oil resources, two U.S. officials tell Axios.Why it matters: The historic deal would more than double U.S. oil reserves by drawing from a country that has


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