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Venezuela grants North American Blue Energy Partners 100-year concessions for 17 oil fields, White House says

  • President Donald Trump announced a deal with Venezuela's acting president Delcy Rodríguez giving an unnamed U.S. company control over 65 billion barrels of untapped Venezuelan oil reserves.
  • U.S. Treasury Secretary Scott Bessent sought support from allies for strict economic sanctions on Iran during the Group of 20 finance ministers meeting, and the Trump administration expressed readiness to use financial measures to pressure allies into joining sanctions.
  • Global crude oil prices rose amid renewed conflict between the U.S. and Iran, pushing average U.S. gas prices above $4 per gallon throughout August for the first time, as reported by AAA.
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  • 44% of the sources are Center
44% Center

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The Epoch Times broke the news in New York, United States on Sunday, August 30, 2026.
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