By Paul Dragu
The New American
September 2, 2026
Despite President Donald Trump's announcement on Friday of an oil deal with Venezuela, oil prices rose on Monday. That's because 65 billion barrels of potential future oil do not move markets the way a shooting war does over a strategic waterway that once carried 20 million barrels a day. Moreover, even in the best of circumstances, this agreement won't lower gas prices this year, according to experts.