Top Trump official reveals how 30-minute military op unlocked Venezuela oil windfall for US buyers
KEY POINTS
- •Energy Secretary Chris Wright says the Trump administration is tapping Venezuela's 300 billion barrels of oil reserves to grow supply and cut prices.
- •Market analysts and regional observers note that the announcement carries significant implications for domestic policy, consumer sentiment, and ongoing economic projections.
- •Additional reporting and official statements will be incorporated as further briefings are scheduled from the Fox News Latest newsroom.
PUBLISHED SAT, SEP 5 2026•(1h ago)
Energy Secretary Chris Wright says the Trump administration is tapping Venezuela's 300 billion barrels of oil reserves to grow supply and cut prices.
Market analysts and regional observers note that the announcement carries significant implications for domestic policy, consumer sentiment, and ongoing economic projections.
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— Congressional Commerce Committee BriefingAdditional reporting and official statements will be incorporated as further briefings are scheduled from the Fox News Latest newsroom.
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Reporting contributed by the Washington D.C. and New York bureaus. All government filings and legislative bills cited are cross-referenced with primary congressional committee records.
