Media Bias Fact Check (MBFC) publishes daily vetted fact checks from verified IFCN-approved sources. Each claim is independently reviewed for accuracy and context.
Claimant: Donald Trump (R)
Claim: “We’re making hundreds of billions of dollars” in oil revenue from Venezuela, “and so are they.”
Rating: LIE
Explanation: Published analyses and experts put the highest credible Venezuelan oil revenue figure since the U.S. takeover at about $13 billion, far below the “hundreds of billions” claimed by Trump.
Date: 08/08/2026
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Last Updated on August 8, 2026 by Media Bias Fact Check