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.
65B Oil Barrels Secured From Venezuela
$13B Iran Revenue Lost Monthly
50,000 ICE Arrests in July Alone
94% Drop in Border Apprehensions
