World Aug 28, 2026 · 1 min read

Trump announces new US oil agreement with Venezuela

US president says US will have ‘majority’ control of 65bn barrels of proven oil reservesDonald Trump announced Friday a new US oil agreement with Venezuela, saying the US will have “majority” control of 65bn barrels of proven oil reserves.“At ⁠my ​direction, Secretary of State Marco Rubio, and Secre...

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The Guardian
by Guardian staff and agencies
Trump announces new US oil agreement with Venezuela

US president says US will have ‘majority’ control of 65bn barrels of proven oil reserves

Donald Trump announced Friday a new US oil agreement with Venezuela, saying the US will have “majority” control of 65bn barrels of proven oil reserves.

“At ⁠my ​direction, Secretary of State Marco Rubio, and Secretary of War Pete Hegseth, working ⁠closely with Highly Respected Interim President of Venezuela, Delcy Rodriguez, and, through a partnership with ⁠private business, have secured majority U.S. control of more ​than 65 BILLION ‌BARRELS of proven Oil ‌Reserves in Venezuela, at no cost to the ‌American Taxpayer,” Trump wrote on Truth Social.

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This article was originally published by The Guardian and written by Guardian staff and agencies.

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