Trump says US will refill its petroleum reserves using Venezuelan oil

President Donald Trump says in a post that the 'topping out' process will ‌begin shortly.Published On 30 Aug 202630 Aug 2026United States President Donald Trump has said on social media that oil from a recently struck deal with Venezuela will be ⁠used to replenish the US Strategic Petroleum Reserve, an oil stockpile that the country keeps for emergencies and that has been drawn down sharply in ⁠recent years to respond to global supply disruptions and high fuel prices.The US president wrote on Truth Social, the social media platform he owns, that the reserve had been made “virtually” empty, while blaming former US President Joe Biden.Recommended Stories list of 3 itemslist 1 of 3What’s behind the US deal to seize control of Venezuelan oil reserves?list 2 of 3Venezuela says it retains ‘sovereignty’ following US oil deallist 3 of 3Delcy Rodriguez says Venezuela ‘retains sovereignty’ despite US oil dealend of listTrump said in the post that the “topping out” process will ‌begin shortly, describing the Venezuelan oil as a “Gift from Venezuela to the People of the United States”.It is unclear how quickly the Venezuela deal could provide oil for the reserve or deliver ⁠any near-term benef...