Trump Claims New Deal with Venezuela Will Help Lower Elevated Gas Prices as Midterms Approach As the November midterms draw near, President Trump has been touting a new deal with Venezuela that he claims will help alleviate the country's high gas prices.
To understand the potential benefits of this arrangement, it is essential to consider the current economic situation in Venezuela and its effects on US Venezuela relations.
Understanding the Context: Venezuela's Economic Crisis and Gas Prices Venezuela has been embroiled in a severe economic crisis since 2013, when the price of oil plummeted.