Drooid Logo
Back to today’s briefing

Story perspectives

Trump Pledges Gas Price Cuts via Venezuela Oil Deal

9/5/2026

31 2 Full Breakdown

1 of 1

Story summary
  • U.S. President Donald Trump pledged to cut gas prices through a new oil deal with Venezuela.
  • The deal gives the United States 55% control, over $100 bn investment and $209 bn in taxes.
  • Interim President Delcy Rodríguez announced development of 17 oil fields with a 65-billion-barrel potential.
  • U.S. diesel averaged $5.85 per gallon, up from $3.71 a year earlier, after war with Iran began end of February.