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NYT

Trump Says U.S. Has Deal for Control of Large Share of Venezuela’s Oil

Saturday, August 29, 2026


President Trump announced an agreement with Venezuela covering more than 65 billion barrels of oil reserves, according to the president's statement. A U.S. official said the arrangement would involve a partnership with a private company. The specifics of the agreement, including terms and implementation timeline, were not detailed in the announcement.

Original reporting: https://www.nytimes.com/2026/08/28/business/trump-venezuela-oil-deal.html

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Trump says U.S. has entered deal with Venezuela to take control of 65 billion barrels of oil reserves