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What we know about Trump's deal giving U.S. access to vast oil reserves in Venezuela 29 August 2026 at 22:44

What we know about Trump's deal giving U.S. access to vast oil reserves in Venezuela

By: Collin Binkley, Associated Press · Juan Pablo Arraez, Associated Press

29 August 2026 at 22:44

The answers to questions such as how soon the reserves could be drilled and who will pay to make it happen were not immediately clear. No text of any agreement has been released.

World news | The Guardian
Trump announces new US oil agreement with Venezuela 29 August 2026 at 02:34

Trump announces new US oil agreement with Venezuela

World news | The Guardian

By: Guardian staff and agencies

29 August 2026 at 02:34

US president says US will have ‘majority’ control of 65bn barrels of proven oil reserves

Donald Trump announced Friday a new US oil agreement with Venezuela’s interim president Delcy Rodríguez, saying the US will have “majority” control of 65bn barrels of proven oil reserves.

The terms of the agreement remain to be seen, but the US president said on his social-media platform that it had been brokered “through a partnership with ⁠private business” by his secretary of state, Marco Rubio, and defense secretary, Pete Hegseth.

The Guardian
Trump announces new US oil agreement with Venezuela 29 August 2026 at 02:34