Trump says US has entered deal with Venezuela to take control of 65 billion barrels of oil reserves
Corroborated by 10 sources from 10 publishers
TL;DR
Trump Says US Secured Control of Some Venezuelan Oil Reserves The U.S. struck a deal with Venezuela to get majority control of more than 65 billion barrels of oil reserves as the war with Iran roils the global crude trade, President Donald Trump announced Friday. Trump said in an evening social media post that the deal — which he described the agreement as the biggest oil deal in world history — comes "at no cost to" U.S.
Sources
1
Bloomberg Politics
https://www.bloomberg.com/news/articles/2026-08-28/trump-says-us-secured-control-of-some-venezuelan-oil-reserves
2
Investing.com News
https://www.investing.com/news/economy-news/trump-says-us-secures-control-of-over-65-billion-barrels-of-venezuelan-oil-4881873
3
ABC News U.S. Headlines
https://abcnews.com/US/wireStory/trump-us-entered-deal-venezuela-control-65-billion-136045942
4
Fortune
https://fortune.com/2026/08/28/trump-us-control-65-billion-barrels-venezuelan-oil-reserves
5
The Guardian (World)
https://www.theguardian.com/us-news/2026/aug/28/trump-venezuela-oil-agreement
6
The Hill International
https://thehill.com/homenews/administration/6058643-trump-says-he-secured-majority-u-s-control-of-large-slice-of-venezuelas-oil-reserve
7
Financial Times Companies
https://www.ft.com/content/2f88581f-4fbc-46a2-8127-830bb630c2f2?syn-25a6b1a6=1
8
The New York Times (Energy & Environment)
https://www.nytimes.com/2026/08/28/business/trump-venezuela-oil-deal.html
9
CBS News MoneyWatch
https://www.cbsnews.com/news/trump-venezuela-oil-u-s-majority-control-65-billion-barrels
10
CNBC Top News
https://www.cnbc.com/2026/08/28/trump-announces-deal-with-venezuela-to-secure-more-than-65-billion-barrels-of-oil-reserves.html