UPDATED TUE 27 OCT · 18:15 UTCLIVE
WorldHigh

Trump's Venezuelan Oil Gambit & Energy Claims

Trump announced the US will receive 1 million barrels of Venezuelan oil from a 'military operation' and predicted gasoline prices will soon 'plummet,' drawing skepticism from analysts who note the volume is far too small to move prices meaningfully.

What we know

An account on X reported Trump traveling to Corpus Christi for the first Venezuelan oil shipment, calling it 'BILLIONS of barrels to come' and declaring the Western Hemisphere the 'Energy Capital of the World' here. Trump also posted that gas prices will 'come plummeting down' per another account on X. Another account on X immediately pushed back: 1M barrels is not remotely enough to move pump prices.

By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.