World · 29 August 2026
Trump claims US now controls Venezuela's 65 billion barrels of oil
Daniel Torok via Wikimedia Commons (Public domain)
Donald Trump announced on Friday that the US has secured majority control of over 65 billion barrels of Venezuelan oil, calling it "THE BIGGEST OIL DEAL IN WORLD HISTORY". He asserted this agreement, involving interim Venezuelan President Delcy Rodríguez, would incur no cost for American taxpayers. The White House has not released details of the agreement, including participating companies or how "control" is defined.
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