Trump announces US-Venezuela oil deal

AI analysis

President Trump announced a new oil deal with Venezuela that would give the United States majority control of over 65 billion barrels of oil reserves. The announcement was made on August 29, 2026. Details of the agreement have not been fully disclosed.

Event

President Trump announced a US-Venezuela oil deal providing US majority control of over 65 billion barrels of oil reserves.

People

Donald Trump

Organizations

US governmentVenezuelan government

Countries

United StatesVenezuela

Topics

oilenergyinternational relationsforeign policy

From ABC News

President Trump announced a new oil deal with Venezuela that he says would provide U.S. majority control of more than 65 billion barrels of oil reserves in the country. ––– Subscribe to ABC News on YouTube: https://abcnews.visitlink.me/59aJ1G ABC News is your daily source of breaking national and world news, exclusive interviews and 24/7 live streaming coverage. https://abcnews.com Download the ABC News app for the latest headlines and alerts: https://abcnews.com/devices Connect with ABC News on social media: Facebook: https://www.facebook.com/ABCNews Instagram: https://www.instagram.com/abcnews TikTok: https://www.tiktok.com/@abcnews X: https://twitter.com/ABC Threads: https://www.threads.net/@abcnews WhatsApp: https://whatsapp.com/channel/0029VajTNakKWEKkXoAPIR11 LinkedIn: https://www.linkedin.com/company/abcnews