Published Sep 7, 2026, 4:30 PM ET · Updated 2 months ago · 1 source

Trump's Venezuela oil deal is a strategic move against Iran

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Original Report

Trump's reported deal with Venezuela for access to 65 billion barrels of oil, described as the 'biggest oil deal in world history,' is a strategic move against Iran, which is heavily sanctioned and whose economy is suffering. This deal could provide China with an alternative to Iranian oil, thereby weakening Iran's leverage, especially in light of Trump's recent video about bombing Kharg Island, an Iranian oil terminal.