(AGENPARL) - Roma, 30 Agosto 2026 - Biggest oil deal in world history: U.S. secures 65 billion barrels in Venezuela, doubling American reserves and set to slash gas prices.
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WEEKLY BRIEFING
Biggest Oil Deal in World History: U.S. Secures Majority Control of 65 Billion Barrels in Venezuela, America Controls the Strait of Hormuz, U.S. Space Academy Commission Established, and Lake Ontario Renamed Lake America
In a bombshell announcement, President Trump declared that the United States has entered into the biggest oil deal in world history. At his direction, Secretary of State Marco Rubio and Secretary of Defense Pete Hegseth — working with Venezuela's Interim President Delcy Rodriguez and through a partnership with private business — secured majority U.S. control of more than 65 billion barrels of proven oil reserves in Venezuela at no cost to the American taxpayer. The deal more than doubles American oil reserves, greatly increases domestic oil supply, and is projected to substantially lower gas prices for Americans long into the future, while setting Venezuela on a course toward prosperity. The administration called it a Historic Transaction that strengthens the growing relationship between Venezuela and the United States.
On August 28, the White House released a comprehensive accounting of the administration's naval blockade of the Strait of Hormuz — the world's most critical oil chokepoint — confirming that the United States, not Iran, controls the passage. Since the blockade's resumption in July 2026, U.S. forces have cleared Iranian mines from international shipping lanes, turned away 75 vessels attempting to breach the blockade, and facilitated the movement of nearly 1,500 commercial ships carrying 750 million barrels of crude oil — maintaining the free flow of global commerce while cutting off Iran entirely. Zero Iranian oil has been exported through the Strait since the blockade began. Iran is losing approximately $13 billion per month in revenue, triggering a domestic fuel crisis, currency collapse, and cascading inflation inside the Islamic Republic. Gulf oil exports have recovered to two-thirds of pre-operation levels under U.S. protection.
On August 28, President Trump signed an executive order establishing a Presidential Commission to design the United States Space Academy — a new NASA-led federal institution that will prepare the next generation of Americans for careers in space. Modeled after the nation's military service academies, the Space Academy will combine rigorous technical education with leadership development, preparing graduates for military, civilian, and commercial space enterprise careers. The Commission — chaired by the NASA Administrator — will recommend governance structure, curriculum, service requirements, location, and a pilot program framework. The initiative directly supports the administration's goal of achieving more than 1,000 annual space launches by 2030.
On August 26, President Trump declared a national emergency to secure the United States bulk-power system from foreign sabotage, invoking the International Emergency Economic Powers Act. The executive order cites foreign actors creating and exploiting cybersecurity vulnerabilities across the nation's electricity infrastructure — threatening national defense, emergency services, and economic stability. The order generally prohibits foreign-produced bulk-power equipment and associated software, directing the Secretary of Energy to publish implementing rules. A prior complementary order preserved an estimated 17,000 megawatts of generating capacity — enough to power 12.75 million American homes.
Also on August 26, President Trump signed a proclamation to temporarily expand lean beef trimmings imports at lower tariff rates to reduce ground beef prices amid supply shortages. The 90-day measure — effective September 1 — caps imports at 100,000 tons per month of lean beef trimmings to be combined with domestic U.S. beef, and is projected to increase the overall beef supply by roughly 10%. American cattle herds are at their lowest level in 75 years, driven by drought conditions, wildfire-related feed shortages, and live animal import restrictions imposed to prevent New World Screwworm spread.
Immigration enforcement reached new heights. ICE made nearly 50,000 arrests in July — the highest monthly total of President Trump's second term — as maximum enforcement operations continue to accelerate. Southern border apprehensions have fallen 94% below Biden-era monthly averages with 15 straight months of zero releases. The State Department is moving forward with what officials describe as the largest mass visa revocation in American history, targeting up to 200,000 foreign nationals. And in a sweeping terror action, the State Department publicly revealed that Portland Antifa groups have direct connections to Hamas and Iran's Islamic Revolutionary Guard Corps, triggering a broad terrorism designation action against the network.
The General Services Administration disclosed more than $13 billion in suspected fraud involving approximately 1,000 federal contractors — a sweeping audit uncovering waste and deliberate deception on a historic scale. President Trump visited Texas, where his second-term results are dramatic: violent crime is down 13%, border apprehensions near zero, no overtime taxes on approximately 25% of Texas workers, and average tax refunds reached $4,344 — second highest in the nation. Treasury Secretary Bessent warned that an "economic D-Day is coming for Iran," as Operation Economic Outcast sanctions target Iranian military procurement and petroleum traders.
On August 27, President Trump signed an executive order renaming Lake Ontario to Lake America, directing the Secretary of the Interior to update all federal references within 30 days. The order notes that the United States supplies 9 of the 11 icebreaking vessels on the Great Lakes and has invested nearly $4 billion in the Great Lakes ecosystem over the past decade. Also on August 27, Karoline Leavitt completed her final day as the 36th White House Press Secretary — the youngest person ever to hold the position. President Trump called her "one of the best" ever to serve in the role, honoring her historic tenure and unwavering defense of the administration's agenda.
65B Oil Barrels Secured From Venezuela $13B Iran Revenue Lost Monthly 50,000 ICE Arrests in July Alone 94% Drop in Border Apprehensions
WEEK IN REVIEW
Biggest Oil Deal in World History: U.S. Secures 65 Billion Barrels in Venezuela. In a breaking announcement, President Trump declared that the United States has entered into the biggest oil deal in world history. At his direction, Secretary of State Marco Rubio and Secretary of Defense Pete Hegseth — working with Venezuela's Interim President Delcy Rodriguez and through a partnership with private business — secured majority U.S. control of more than 65 billion barrels of proven oil reserves in Venezuela, at no cost to the American taxpayer. The deal more than doubles American oil reserves, dramatically increases domestic supply, and is projected to substantially lower gas prices for all Americans long into the future. President Trump called it a Historic Transaction that sets Venezuela on a course toward tremendous prosperity while greatly strengthening the growing relationship between the two nations.
America Controls the Strait of Hormuz. On August 28, the White House confirmed what President Trump has long asserted: the United States — not Iran — controls the Strait of Hormuz. Since the blockade's resumption in July, U.S. Naval forces have cleared Iranian mines from international shipping lanes, turned back 75 vessels attempting to breach the blockade, and protected the passage of nearly 1,500 commercial ships carrying 750 million barrels of crude oil. Zero Iranian oil has been exported through the Strait since the blockade began. Tehran is losing an estimated $13 billion every month in oil revenue, triggering a domestic fuel crisis, a currency collapse, and cascading inflation inside Iran. Gulf oil exports have recovered to two-thirds of pre-operation levels under U.S. protection — proving that maximum pressure works, and that America, not a rogue theocracy, controls the world's most critical energy chokepoint.
U.S. Space Academy: Commission Established. On August 28, President Trump signed an executive order creating a Presidential Commission to design the United States Space Academy — a new NASA-led federal institution modeled after the nation's military service academies. The Commission, chaired by the NASA Administrator, will recommend governance structure, curriculum, service requirements for graduates, admission prerequisites, location, and a pilot program framework. The Academy will prepare Americans for careers across military, civilian, and commercial space enterprises, combining rigorous technical training with the leadership development demanded of those who will fly, operate, and command America's assets in space. The initiative advances the administration's goal of achieving more than 1,000 annual U.S. space launches by 2030 — a target that requires not just technology, but an elite corps of trained space professionals to match it.
National Emergency: Protecting America's Power Grid. On August 26, President Trump declared a national emergency under the International Emergency Economic Powers Act to secure the United States bulk-power system from foreign sabotage and cyberattack. The executive order cites foreign actors — including state-sponsored adversaries — creating and exploiting cybersecurity vulnerabilities across America's electricity infrastructure, threatening national defense, emergency services, and economic stability. The order generally prohibits foreign-produced bulk-power equipment and associated software, and directs the Secretary of Energy to publish implementing rules. A prior complementary order already preserved an estimated 17,000 megawatts of generating capacity — enough to power 12.75 million American homes. The emergency declaration extends that protection across the full bulk-power supply chain, complementing other administration orders targeting AI cybersecurity, defense supply chains, and
drone imports.
Making Beef Affordable Again. On August 26, President Trump signed a proclamation to temporarily expand lean beef trimmings imports at lower tariff rates, targeting a reduction in ground beef prices amid a supply crunch. The 90-day measure, effective September 1, caps imports at 100,000 tons per month of lean beef trimmings — to be combined with domestic U.S. beef in ground beef production — and encourages pricing at a 25% discount from the going import rate. The action is projected to increase the overall beef supply by roughly 10% over current projections. U.S. cattle herds are at their lowest level in 75 years, driven by drought, wildfire-related feed shortages, and live animal import restrictions from Mexico imposed to prevent New World Screwworm spread. The proclamation builds on a prior February 2026 action and preserves all existing free trade agreement commitments and country-specific quotas.
ICE Record Arrests, Largest Visa Revocations in History, and Antifa's Terror Ties Exposed. ICE made nearly 50,000 arrests in July — the highest monthly total of President Trump's second term — as maximum enforcement operations continue accelerating nationwide. Southern border apprehensions have fallen 94% below Biden-era monthly averages, with 15 straight months of zero releases. The State Department is now moving forward with what officials describe as the largest mass visa revocation in American history, targeting up to 200,000 foreign nationals across multiple enforcement categories. And in a sweeping counter-terrorism action, the State Department publicly revealed that Portland Antifa groups have direct operational connections to Hamas and Iran's Islamic Revolutionary Guard Corps, triggering a broad terrorism designation action against the network and exposing what administration officials say is the clearest evidence yet that domestic radical extremism is not merely ideological — it is
organizationally tied to America's foreign enemies.
Lake Ontario Is Now Lake America, and Karoline Leavitt Completes Historic Tenure. On August 27, President Trump signed an executive order directing the Secretary of the Interior to officially rename Lake Ontario to Lake America within 30 days, with all federal maps, contracts, and documents to be updated accordingly. The order notes that the United States supplies 9 of the 11 icebreaking vessels on the Great Lakes — securing commercial shipping at no charge — and has invested nearly $4 billion in the Great Lakes ecosystem over the past decade, far outpacing Canadian investment. On the same day, Karoline Leavitt completed her final day as the 36th White House Press Secretary — the youngest person in history to hold the position. President Trump praised her as "one of the best" ever to serve in the role, honoring a tenure defined by its ferocity, discipline, and unrelenting defense of the administration's agenda before a frequently hostile press corps.
FROM THE WHITE HOUSE
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PRESIDENT TRUMP WAS RIGHT: AMERICA CONTROLS THE STRAIT OF HORMUZ
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FACT SHEET: PRESIDENT TRUMP ESTABLISHES A COMMISSION TO DESIGN THE UNITED STATES SPACE ACADEMY
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FACT SHEET: PRESIDENT TRUMP DECLARES A NATIONAL EMERGENCY TO SECURE AMERICA'S BULK-POWER SYSTEM
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FACT SHEET: PRESIDENT TRUMP FURTHER ENSURES AFFORDABLE BEEF FOR THE AMERICAN CONSUMER
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HONORING THE AMERICAN HISTORY OF THE GREAT LAKES AND RENAMING LAKE ONTARIO AS LAKE AMERICA
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NEVER SURRENDER: KAROLINE LEAVITT'S HISTORIC TENURE AS WHITE HOUSE PRESS SECRETARY
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PRESIDENT TRUMP DELIVERS FOR TEXAS: LOWER TAXES, BORDER SECURITY, AND JOBS COMING HOME
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THE TRUMP EFFECT
Major Investment Announcements
WEEK OF AUGUST 24–30, 2026
Nvidia $105B
SpaceX $100B
Unified Legacy $125M
Toyota Material Handling North America $100M
This Week's New Investments $205.2B
Total U.S. & Foreign Investments Since Day One $11.2 Trillion
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IN THE NEWS
READ State Dept Reveals Portland Antifa Connection to Hamas, Iran's IRGC in Sweeping Terror Action (
READ ICE Arrests Jumped to Nearly 50,000 in July, the Highest Monthly Total of Trump's Second Term (
READ U.S. Set for Largest Mass Visa Revocation in History Targeting Up to 200,000 Foreigners, Officials Say (
READ GSA Uncovers Over $13 Billion in Suspected Fraud Involving About 1,000 Federal Contractors (
READ Scott Bessent: An Economic D-Day Is Coming for Iran (
PHOTO OF THE WEEK
FREEDOM 250 GRAND PRIX — AUGUST 23, 2026
Freedom 250 Grand Prix
The Freedom 250 Grand Prix on August 23, 2026 brought high-speed American motorsport to life — a celebration of freedom, competition, and the winning spirit that defines this nation.
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NUMBER OF THE WEEK
65B
The number of proven oil reserve barrels the United States just secured majority control of in Venezuela — the biggest oil deal in world history — more than doubling American oil reserves at no cost to taxpayers and set to substantially lower gas prices for Americans for generations.
@realDonaldTrump
"BREAKING NEWS: The United States of America has just entered into an Agreement with the Country of Venezuela on, THE BIGGEST OIL DEAL IN WORLD HISTORY! At my direction, Secretary of State Marco Rubio, and Secretary of War Pete Hegseth, working closely with Highly Respected Interim President of Venezuela, Delcy Rodriguez, and, through a partnership with private business, have secured majority U.S. control of more than 65 BILLION BARRELS of proven Oil Reserves in Venezuela, at no cost to the American Taxpayer. This Historic Transaction MORE THAN DOUBLES American Oil Reserves, greatly increases our Oil Supply, and will substantially lower Gas Prices for all Americans, long into the future, while helping to continue to set Venezuela on a course toward Tremendous Success and Great Prosperity. MAKE AMERICA GREAT AGAIN! President DONALD J. TRUMP"
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THIS WEEK'S POLL
President Trump broke up the beef cattle monopoly to lower ground beef prices and secured 65 billion barrels of oil in Venezuela to drive down gas prices. How much will these actions improve your family's budget?
◯ Significantly — I'll feel real savings at the pump and grocery store (
◯ Moderately — Welcome relief, but more still needs to happen (
◯ Somewhat — I need prices to drop a lot more before I really feel it (
◯ Not sure yet — still waiting to feel the difference (
◯ Other (
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