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Jewish News 24 · Aug 28, 2026

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REPORT: The Trump administration is nearing a deal with Venezuela that would give U.S. companies long-term access to selected Venezuelan oilfields, Reuters reports. The proposal could cover 17 fields, including sites in the Orinoco Belt and Lake Maracaibo, with American energy firms potentially competing for development rights. The plan could face constitutional and legal challenges under Venezuelan law. U.S. Energy Secretary Chris Wright is expected to travel to Caracas as soon as next week for further talks.

*REPORT:* The Trump administration is nearing a deal with Venezuela that would give U.S. companies long-term access to selected Venezuelan oilfields, Reuters reports. The proposal could cover 17 fields, including sites in the Orinoco Belt and Lake Maracaibo, with American energy firms potentially competing for development rights. The plan could face constitutional and legal challenges under Venezuelan law. U.S. Energy Secretary Chris Wright is expected to travel to Caracas as soon as next week for further talks.

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