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How the Pentagon Is Getting Into the Venezuelan Oil Business Under Trump

The Defense Department’s Office of Strategic Capital, founded by the Biden administration to give loans to bolster the U.S. defense industry, is helping lead President Trump’s oil deal.

© Adriana Loureiro Fernandez for The New York Times

President Trump said his defense secretary and secretary of state reached an agreement with the Venezuelan government on securing billions of barrels of oil reserves “through a partnership with private business.”

Army Secretary Daniel Driscoll Resigns as U.S. Military Grapples With Two Wars

1 September 2026 at 06:48
The resignation of Daniel P. Driscoll, the secretary of the Army, had been expected but comes at a tumultuous time for the service.

© Haiyun Jiang for The New York Times

Daniel P. Driscoll, the secretary of the Army, had clashed with Defense Secretary Pete Hegseth.

Trump’s Venezuelan Oil Deal Relies on a Powerful and Divisive Partner

The administration will work with a private Venezuelan oil company that has close ties to the country’s government.

© Adriana Loureiro Fernandez for The New York Times

Venezuela is believed to have one of the world’s largest reserves of oil but it produces very little oil because of mismanagement, corruption and U.S. sanctions.

Trump Plans to Mark 9/11 at the Pentagon, Not Ground Zero

President Trump originally intended to commemorate the 25th anniversary of Sept. 11 with remarks at ground zero, but the memorial’s organizers do not allow speeches. Mr. Trump changed his plans.

© Vincent Alban/The New York Times

Memorials left at the south tower reflecting pool last year at the World Trade Center in Manhattan.
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