U.S. Secures Majority Oil Control in Venezuela Deal
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The U.S. struck a deal with Venezuela to get majority control of more than 65 billion barrels of oil reserves, President Donald Trump announced Friday.
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NPR EconomyPresident Trump says a new deal with Venezuela would give the U.S. control of more than 65 billion barrels of oil reserves.
FortunePresident Donald Trump on Friday said the U.S. has entered an agreement with Venezuela to take control of 65 billion barrels of the South American country’s oil reserves.
Common DreamsPresident Donald Trump announced on Truth Social on Friday that his government had "secured majority US control" of Venezuelan oil reserves containing 65 billion barrels of oil.
Washington Times BusinessWASHINGTON — President Donald Trump on Friday said the U.S. has entered an agreement with Venezuela to take control of 65 billion barrels of the South American country’s oil reserves.
Financial TimesTrump says US to take control of 65bn barrels of Venezuelan oil The president says the countries’ joint venture will lower petrol prices for Americans
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When US forces invaded Caracas and kidnapped Venezuelan President Nicolás Maduro and his wife First Combatant Cilia Fores on January 3, Trump's own words following the invasion confirmed suspicions that he acted largely to gain access to the country's oil.
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FortuneThe announcement of the deal comes nearly nine months after the U.S. military at Trump’s direction carried out an operation to capture Venezuela’s president Nicolás Maduro and spirit him to the United States to face federal narcoterrorism and drug trafficking charges.
Washington Times BusinessThe announcement of the deal comes nearly nine months after the U.S. military at Trump’s direction carried out an operation to capture Venezuela’s president Nicolás Maduro and spirit him to the United States to face federal narcoterrorism and drug trafficking charges.
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Trump is under pressure to lower gas prices that have spiked due to the fallout of his war on Iran, which entered its sixth month on Friday, and promised in his announcement, "This Historic Transaction MORE THAN DOUBLES American Oil Reserves, greatly increases our Oil Supply, and will substantially lower Gas Prices for all Americans, long into the future."
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FortuneTrump faces mounting pressure to address high gas prices as the war in Iran reaches a six-month milestone with no conclusion in sight. The U.S. has tapped its strategic petroleum reserves, which in early August fell below 300 million barrels, down by more than 100 million barrels since the start of 2026.
Washington Times BusinessTrump faces mounting pressure to address high gas prices as the war in Iran reaches a six-month milestone with no conclusion in sight. The U.S. has tapped its strategic petroleum reserves, which in early August fell below 300 million barrels, down by more than 100 million barrels since the start of 2026.
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Trump in a social media post announced the agreement he said was negotiated by Secretary of State Marco Rubio, Defense Secretary Pete Hegseth and Venezuela’s interim President Delcy Rodriguez.
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Washington Times BusinessTrump in a social media post announced the agreement he said was negotiated by Secretary of State Marco Rubio, Defense Secretary Pete Hegseth and Venezuela’s interim President Delcy Rodriguez.
6 details only one outlet reported
Independent claims that didn't surface elsewhere in our corpus. Treat as supplementary — not corroborated across outlets.
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01 Common Dreams "This is proof Trump put our service members at risk to get Venezuelan oil for his billionaire buddies," one Democratic senator said. "Putting our soldiers’ lives on the line for private profit is a gross dereliction of his constitutional duty."
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02 Bloomberg Billionaire Gilinski, GeoPark Said to be Near Venezuela Oil Deal Colombia’s richest family is nearing a Venezuela oil deal in conjunction with GeoPark Ltd, a Bogota-based oil company in which it is the largest shareholder with a 28% stake, according to people familiar with the matter who asked for anonymity discussing confidential plans.
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03 Fortune Many of the world’s top oil countries have state-run national champions, such as Saudi Arabia’s Aramco, Russia’s Rosneft, the UAE’s Abu Dhabi National Oil Company, Brazil’s Petrobras, and Mexico’s Pemex.
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04 Financial Times Oil deal with US is denounced by both sides of Venezuelan politics Opposition said agreement with Trump administration was potentially illegal while government hardliners cast it as a betrayal
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05 CNBC The Trump administration is considering a land swap that could exchange a small piece of Yosemite National Park, or an interest in it, to a private developer seeking a new access road, the Interior Department and the company's lawyer confirmed.
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06 Washington Times Business The Venezuelan government’s press office did not immediately respond to a request for comment.
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- ft
- cnbc
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- npr-economy
- bloomberg
- fortune
- washtimes-biz