Venezuela Oil Deal Faces Long Haul | Honduras News

Honduras News Today | 2 Min News | The Daily News Now! · Sep 2, 2026 · 1m

The U.S. is eyeing Venezuela’s oil reserves as a potential lifeline for its depleted Strategic Petroleum Reserve, with President Trump calling it a “gift.” But here’s the catch: Venezuela’s heavy crude doesn’t match America’s storage setup, and experts warn it could take five to seven years — if ever — to see any real oil from this deal hit the reserve. The plan involves the U.S. taking a stake in a private company that can produce Venezuelan oil at cost, but rebuilding Venezuela’s battered oil industry will require billions, years of investment, and navigate legal and political hurdles. This…