August 27, 2026

U.S. Nears Major Deal for Access to Venezuelan Oil Fields

The deal could provide the U.S. access to oil fields with 90 billion barrels of proven reserves.
Negotiations are taking place at high levels between U.S. and Venezuelan officials.
The U.S. has been managing Venezuelan oil sales since a military operation in January.
An influx of Venezuelan oil could help alleviate high fuel prices ahead of the midterm elections.

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