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Tag: Straight of Hormuz

The 65-Billion-Barrel Pivot: Trump’s Venezuela Deal Could Rewrite the Global Oil Map

Aug 28, 2026

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by

Aaron

in Futures, Options and Commodities

President Donald Trump has announced what he calls “the biggest oil deal in world history”: majority U.S. control over more than 65 billion barrels of Venezuela’s proven petroleum reserves. If the agreement survives the enormous legal, political and engineering challenges ahead, this is much bigger than an oil transaction. It represents a potential restructuring of…

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Tag: Straight of Hormuz

The 65-Billion-Barrel Pivot: Trump’s Venezuela Deal Could Rewrite the Global Oil Map