Trump announces ‘biggest oil deal in world history’ with Venezuela
US president says deal secures majority control of more than 65 billion barrels of proven oil reserves in Venezuela.
Saturday, August 29, 2026
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US president says deal secures majority control of more than 65 billion barrels of proven oil reserves in Venezuela.
President Trump said Friday evening that there will be “majority U.S. control” of a large swath of Venezuela’s oil reserves. “BREAKING NEWS: 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 in a post on Truth Social. “At my…
Venezuelan interim president says the unusual agreement will help revive her country's economy.