Trump Announces Major Oil Agreement with Venezuela
U.S. President Donald Trump announced what he described as the biggest oil deal in world history with Venezuela on August 29, 2026. The agreement aims to stabilize global energy markets, which have been severely disrupted by the ongoing blockade of the Strait of Hormuz and the conflict with Iran. The deal marks a significant shift in U.S. foreign policy toward Caracas, prioritizing energy security amid the escalating Middle Eastern war.
Date: August 29, 2026
Location: Caracas, Venezuela
Conflict: Venezuela Crisis
Category: diplomacy
Severity: HIGH
Source: News9live