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The Economic Times

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Trump says Venezuela to hand over up to 50 million barrels of oil to US

President Donald Trump announced a new Venezuela oil deal where millions of barrels of oil will be transferred to the United States. The oil will be sold at market prices and managed by the US government. While the move could affect oil markets, experts say the impact on gas prices may be limited in the short term.

10 Jan 2026 3:36 am