U.S. President Donald Trump said a deal involving Venezuela’s claimed 65 billion barrels of oil reserves could help reduce gasoline prices, but experts told CNBC that Venezuela’s damaged infrastructure and production shortfall mean any impact is unlikely soon. Average U.S. pump prices reached $4.08 per gallon Monday, nearly 30% above the same period last year. Trump also vowed to hit Iran hard after Tehran said it attacked two U.S. bases in Jordan, while continuing to press the Federal Reserve to keep rates low and arguing that U.S. growth could reach 20%. Real GDP grew at a 1.5% annualized rate in the second quarter of 2026, and markets put the odds of a rate hike at the Fed’s Sept. 15-16 meeting at 66.1%. Treasury Secretary Scott Bessent defended increased purchases of longer-dated U.S. bonds after investor Stanley Druckenmiller criticized the policy. Microsoft Outlook and OpenAI’s ChatGPT Work experienced outages, while the Federal Trade Commission sued Amazon, alleging it overcharged advertisers by manipulating pricing and auction systems.