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Trump Calls Venezuelan Oil a 'Gift' to Americans, Says It Will Refill Strategic Petroleum Reserve Biden 'Virtually Emptied'

Aug 31, 2026 · 12:18 AM ET· updated 1h ago
Trump Calls Venezuelan Oil a 'Gift' to Americans, Says It Will Refill Strategic Petroleum Reserve Biden 'Virtually Emptied'

Trump said the U.S. will use Venezuelan oil to refill the Strategic Petroleum Reserve, calling it a “Gift” while blaming Biden for depleting the stockpile.

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Why It Matters

A leader says the U.S. might buy oil from Venezuela to refill America's emergency oil storage tank, which he says was used up too much. This could mean oil prices might stay steadier if we have more oil saved up for emergencies.

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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.

Disclosure: Educational and informational purposes only — not financial advice. We educate, not advise. Market data may be delayed up to 15 minutes unless marked real-time. Past performance is not indicative of future results.