&imwidth=800&imheight=600&format=webp&quality=medium "US to have oil partnership with Pakistan? Trump says Washington to help develop Islamabad's ‘massive oil reserves’")
US President Donald Trump on Wednesday (July 30) claimed that his administration has finalised a new deal with Pakistan to jointly work on developing the country’s oil reserves. In a post shared on Truth Social, Trump wrote, “We have just concluded a Deal with the Country of Pakistan, whereby Pakistan and the United States will work together on developing their massive Oil Reserves. We are in the process of choosing the Oil Company that will lead this Partnership.”
Also read: 'MUST NOW LOWER THE RATE': Trump lashes out as Federal Reserve keeps interest rates unchanged
He did not share further details about the agreement or name the company that might lead the project. The Pakistani embassy in Washington has not yet commented on the announcement.
Trade talks between US and Pakistan already underway
The announcement follows recent efforts from both countries to strengthen trade ties. Last week, Pakistani Foreign Minister Ishaq Dar said that Pakistan and the United States were “very close” to finalising a trade agreement, following a meeting with US Secretary of State Marco Rubio. “Our teams have been here in Washington discussing, having virtual meetings and a committee has been tasked by the prime minister to fine tune now,” Dar said, suggesting a deal could be reached within days.
Trending Stories
&im=FitAndFill=(700,400))
WWE Backlash 2026 Full Results: Reigns beats Fatu; 'John Cena Classic' revealed
&im=FitAndFill=(700,400))
7 reasons why China is mass-producing Chengdu J-20 stealth fighter jets faster than ever
&im=FitAndFill=(700,400))
Vijay goes off-script before reading formal oath of Tamil Nadu CM, jubilant fans cheer every word | WATCH top 5 moments
)
Gold Gala 2026: Priyanka Chopra Jonas stuns at the red carpet in vintage chikankari sculptural gown | See pics
&im=FitAndFill=(700,400))
'Flight Deck Boots': Why USS Abraham Lincoln sailors wear extremely heavy shoes
&im=FitAndFill=(700,400))
Democracy Perception Index 2026: Sweden Tops, India outranks US and China - Check where Pakistan ranks
)
Why was a 22-foot gold statue of Trump unveiled at his Florida golf resort?
)
Pak Army chief says last year’s conflict with India was ‘battle of two ideologies’, claims strategy superioirity
)
Disha Patani to make Hollywood debut with Kevin Spacey’s The Portal of Force | Watch trailer
&im=FitAndFill=(700,400))
Quantum leap: New algorithm unlocks complex materials beyond supercomputers, solving them in seconds
&im=FitAndFill=(700,400))
Meet Top 5 Batters Fastest to 100 T20 Sixes
&im=FitAndFill=(700,400))
UFO Files: Released Tranche 1 still leaves many cases 'unresolved'
)
‘Will not allow any country to interfere’: Iran warns France, UK against any Hormuz deployment; Macron says ‘never envisaged’ it
)
All eyes on modern look: Vijay chooses black pantsuit over traditional shirt-veshti at TN CM oath ceremony
&im=FitAndFill=(700,400))
Why defense analysts believe China’s Chengdu J-20 stealth fighter program has entered a dangerous new era
&im=FitAndFill=(700,400))
Who will get Ted Turner’s fortune?
)
'I don't like it...': Trump rejects Iran's peace proposal, issues stark warning: War to restart soon?
)
US-Iran War: Reports Claim Russia Could Supply Iran With Unjammable Fiber-Optic Drones
)
Trisha Krishnan shares warm moment with Vijay’s family during Tamil Nadu CM swearing-in ceremony
&im=FitAndFill=(700,400))
'Gore-Tex': How the USS Abraham Lincoln crew survives icy Arctic winds
&im=FitAndFill=(700,400))
When did Vijay and Trisha first meet? Timeline of their off screen friendship
)
US-Iran War: Iran-Linked Media Warns Of Threats To Undersea Cable Networks In Hormuz
)
‘Confront the enemy’: Iran’s Supreme Leader Mojtaba Khamenei issues new directive after meeting military head
)
Iran launches fresh drone attacks across Gulf after threatening US
)
Iran mulls taking full control of all 7 undersea internet cables passing through Strait of Hormuz
)
North Korea amends constitution, mandates nuclear strike if Kim Jong Un is assassinated: Report
)
BLACKPINK's Lisa to perform at FIFA World Cup opening ceremony alongside Katy Perry, Tyla and more
)
‘Iran war not over until uranium is removed, facilities dismantled,’ says Benjamin Netanyahu
&im=FitAndFill=(700,400))
How many J-20 fighter jets are currently operational in China’s air force
)
‘Curb fuel use, avoid foreign travel and buying gold,’ PM Modi appeals nation to help tide over crisis
)
Iran claims US F-35 Lightning II fighter jet declared mid-air emergency near Strait of Hormuz – What we know
&im=FitAndFill=(700,400))
UFO Files: Pentagon launches new portal (WAR.GOV/UFO) with 162 declassified files
&im=FitAndFill=(700,400))
'Draft Limits': Why the USS Abraham Lincoln cannot enter most ports
After the meeting between Rubio and Dar, both the US State Department and Pakistan’s foreign ministry released statements highlighting the importance of expanding trade, especially in critical minerals and mining. Trump’s post suggests the relationship may now extend into the energy sector, with oil development takingcentrestage.
In the same Truth Social post, Trump shared that he will be “meeting the South Korean Trade Delegation this afternoon. South Korea is right now at a 25% Tariff, but they have an offer to buy down those Tariffs. I will be interested in hearing what that offer is.”
He added, “Likewise, other Countries are making offers for a Tariff reduction. All of this will help reduce our Trade Deficit in a very major way. A full report will be released at the appropriate time. ”
