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Sat · 12 Sep 2026

Trump Claims "Biggest Oil Deal in History" — US Takes Stake in Venezuela Reserves

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Trump Claims "Biggest Oil Deal in History" — US Takes Stake in Venezuela Reserves

🛢️ CARACAS — A Venezuela oil grab announced while Hormuz sits at 6% capacity. 📌 LOOK CLOSER: With Iranian crude effectively offline and Hormuz at 6% of pre-war traffic, Washington needs replacement barrels — fast. A US controlling stake in Venezuelan reserves doesn't move oil tomorrow, but it signals Trump is building a non-Gulf supply architecture. For Maduro, this is survival. For Tehran, it's Washington demonstrating it can outlast Hormuz indefinitely.

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