US strikes deal for 65 billion barrels of Venezuelan oil reserves

US President Donald Trump announced Friday that the US had secured majority control over more than 65 billion barrels of Venezuela’s oil reserves, expanding Washington’s influence over the country’s energy industry.

Venezuelan interim president says the unusual agreement will help revive her country's economy.

The Trump administration is touting the oil deal with Venezuela as a way to lower gasoline prices, which have been elevated since the Iran war broke out.

A drop in U.S. gas prices should not be expected immediately. Experts say repairing and expanding Venezuela's oil infrastructure will take years and require billions of dollars.

US President Donald Trump on Friday said his administration has reached a major oil deal with Venezuela that gives the US majority control of 65 billion barrels of proven petroleum reserves. The deal — which Trump called “the biggest oil deal in world history” — would bring about US$100 billion in private investment to

President Donald Trump said Friday night the United States has reached an oil agreement with Venezuela, a move he said will “more than double” American oil reserves, increase oil supply and lower gas prices. “At my direction, Secretary of State Marco Rubio, and Secretary of War Pete Hegseth, working closely with Highly

Trump has long been candid about his desire for the US to secure Venezuelan oil and has urged oil companies to invest in the South American nation.

WASHINGTON (AP) -- President Donald Trump on Friday said the U.S. has entered an agreement with Venezuela to take control of 65 billion barrels of the

President Trump says his administration has entered a sweeping agreement with Venezuela that could give the U.S. access to vast amounts of the South American country's untapped oil reserves, at cost.

Trump announced an unprecedented oil agreement giving the US majority control over 65 billion barrels of Venezuelan reserves as Washington seeks to lower fuel prices.

A White House official said the agreement would give the United States a 55% effective output stake in a new private joint venture.

President Trump announced a deal to grant the U.S. control of more than 60 billion barrels of proven Venezuelan oil reserves.

President Donald Trump said the U.S. reached a deal with Venezuela to secure a stake in more than 65 billion barrels of the country's oil reserves.

The US president touts “the biggest oil deal in world history” six months on from the start of the Iran war, which sent energy prices spiralling.

The president touts “the biggest oil deal in world history” six months on from the start of the Iran war, which sent energy prices spiralling.

President Donald Trump announced on Friday that the U.S. had entered an agreement with Venezuela to take control of the country’s 65 billion barrels of oil reserves.

President Donald Trump on Friday said the US has entered an agreement with Venezuela to take control of 65 billion barrels of the South American country’s oil reserves. Trump in a social media post announced the agreement he said was negotiated by Secretary of State Marco Rubio, Defence Secretary Pete Hegseth and Venez

Donald Trump says the US reached an agreement for control of over 65 billion barrels of Venezuelan oil. : Jose Bula Urrutia/UCG/Universal Images Group via Getty Images Trump says the US secured "majority control" of over 65 billion barrels of Venezuelan oil. The White House has not released the agreement or disclosed

The 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.

The announcement comes nearly nine months after the U.S. military at Trump’s direction carried out an operation to capture Venezuela’s president

Donald Trump says the US has entered an agreement with Venezuela to take control of 65 billion barrels of the South American country’s oil reserves.

U.S. 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.

Venezuela has one of the largest oil reserves in the world, with an estimated 303 billion barrels of crude oil in the ground.

Trump Says U.S. Has Entered Deal With Venezuela To Take Control Of 65 Billion Barrels Of Oil Reserves  HuffPost

The president says the agreement with Venezuela that will allow the US to “more than double” its existing oil reserves.

President Donald Trump announced on Friday that he struck a historic oil deal with Venezuela, after wresting power from former Venezuelan dictator Nicolas Maduro in January. The president said the United States has established “majority” control over more than 65 billion barrels of oil in Venezuela, “at no cost to the

Trump says US reaches deal with Venezuela to control 65 billion barrels of country’s oil reserves  CNN

US President Donald Trump speaks in the Rose Garden of the White House in Washington, DC, on Aug. 24, 2026. Jim Watson | AFP | Getty ImagesThe U.S. struck a deal with Venezuela to get majority control of more than 65 billion barrels of oil reserves as the war with Iran roils the global crude trade, President Donald Tru

President Donald Trump says the U.S. has entered an agreement with Venezuela to take control of 65 billion barrels of the South American country’s oil reserves

Trump says US has entered deal with Venezuela to take control of 65 billion barrels of oil reserves  AP News

Trump says US has entered deal with Venezuela to take control of 65 billion barrels of oil reserves  Toronto Star