Washington, United States, Aug 28, 2026 (AFP) - Trump announces deal for huge US stake in Venezuelan oil reserves

NAMPA / AFP

2026-08-29

President Donald Trump said Friday his administration has reached a huge oil deal with Venezuela that gives the United States majority control of 65 billion barrels of proven petroleum reserves. In a Truth Social post, Trump called this "the biggest oil deal in world history" and said it will more than double US oil reserves. Venezuela has operated under intense pressure and close scrutiny from the Trump administration since the US ousted and cap......

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Washington, United States, Aug 29, 2026 (AFP) - Trump announces deal for huge US stake in Venezuelan oil reserves

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