Caracas Mulls OPEC Exit As Trump Closes In On “Massive” Deal For Venezuela’s Oil Fields

Aug 28, 2026 - 09:00
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Caracas Mulls OPEC Exit As Trump Closes In On “Massive” Deal For Venezuela’s Oil Fields

Summary: Focus on the Strait of Hormuz is shifting to South America late in the week as the Trump administration moves to secure new long-term crude supplies in Venezuela. The U.S. is nearing an agreement that could place 17 Venezuelan oil fields under 100-year leases operated by U.S. oil companies. According to Bloomberg, sources told the outlet […]

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