US Enters Deal to Have Majority Control of Venezuela’s Oil
Today
Last updated: August 30, 2026
The United States has secured majority control over 65 billion barrels of Venezuela's oil reserves through a newly announced deal. This agreement is described as historic by Venezuela's interim president, who anticipates a significant impact on the nation's economic recovery.
- The United States, under President Donald Trump, has finalized an agreement granting it majority control of approximately 65 billion barrels of oil reserves located in Venezuela.
- Venezuela's interim president has characterized this deal as historic, highlighting its potential to significantly contribute to the nation's revival.
- The agreement pertains to a substantial portion of Venezuela's extensive oil reserves.
- This development signifies a major economic and political move concerning the two nations' energy sectors.
