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

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

The president said an agreement between the countries covered more than 65 billion barrels of reserves. A U.S. official said it would involve a partnership with a private company.

Source AI Summary Published August 29, 2026 Brief Under 1 min brief
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President Trump announced that the United States has reached an agreement with Venezuela to control a large share of the country’s oil reserves, citing that the deal covers more than 65 billion barrels. A U.S. official added that the arrangement will involve a partnership with a private company. The announcement was made in Washington, and no further details about the private partner or implementation timeline were provided.

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