Venezuela Oil Deal: Reality Check | Charleston News

Trump’s new Venezuela oil deal promises major U.S. energy gains—but don’t expect cheaper gas anytime soon. While the U.S. now claims majority control over 65 billion barrels of Venezuelan reserves, those barrels are still buried underground, requiring decades of investment, infrastructure upgrades, and specialized processing to even begin production. With global oil prices already climbing due to Iran tensions in the Strait of Hormuz, markets aren’t betting on this as a quick fix. The Strategic Petroleum Reserve holds just 714 million barrels—so even if the potential is huge, real impact won’t hit pumps for years. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/57d40180e87e03bf