Trump says US will take control of 65 billion barrels of Venezuela’s oil reserves
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Finance
Politics
August 28, 2026
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President Donald Trump on Friday said the United States has entered into an agreement with Venezuela to take control of 65 billion barrels of the South American country’s oil reserves.
Trump, in a social media post, announced the agreement he said was negotiated by Secretary of State Marco Rubio, Defense Secretary Pete Hegseth and Venezuela’s interim President Delcy Rodriguez.
“The United States of America has just entered into an Agreement with the Country of Venezuela on THE BIGGEST OIL DEAL IN WORLD HISTORY!” Trump wrote.
Business
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