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The Times of India

Top News / The Times of India

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US-Venezuela's historic deal: Will Americans get cheaper gas now?

The United States has successfully negotiated a deal to import Venezuelan oil, aiming to replenish its reserves with a consistent supply of affordable crude. While the long-term implications for American drivers remain ambiguous, the deal's effect may not be felt for several months. The arrangement involves significant untapped oil fields and a private company, but future political developments in both nations could pose risks to this energy collaboration.

3 Sep 2026 5:11 pm