Trump announces Venezuela oil reserves will be controlled by U.S.

AI analysis

U.S. President Donald Trump announced on Truth Social that a deal has been reached to give the United States control of more than 65 billion barrels of Venezuelan oil reserves. The announcement was made on August 29, 2026. The details and status of the deal are not yet fully clear.

Event

U.S. President Donald Trump announced a deal on Truth Social that would give the United States control of more than 65 billion barrels of Venezuelan oil reserves.

People

Donald Trump

Organizations

Truth SocialU.S. Government

Countries

United StatesVenezuela

Topics

oil reservesinternational relationsenergy

From CBC News

In a post on his Truth Social platform, U.S. President Donald Trump announced a deal that would allow the United States to control more than 65 billion barrels of Venezuelan oil. »»» Subscribe to CBC News to watch more videos: http://bit.ly/1RreYWS For breaking news, video, audio and in-depth coverage: https://www.cbc.ca/news Follow CBC News on TikTok: https://www.tiktok.com/@cbcnews Subscribe to CBC News on Snapchat: https://bit.ly/3leaWsr Subscribe to CBC News on WhatsApp: https://www.whatsapp.com/channel/0029Vb6MSjH9Bb63S9tbQa1Y Download the CBC News app for iOS: http://apple.co/25mpsUz Download the CBC News app for Android: http://bit.ly/1XxuozZ »»»»»»»»»»»»»»»»»» For more than 80 years, CBC News has been the source Canadians turn to, to keep them informed about their communities, their country and their world. Through regional and national programming on multiple platforms, including CBC Television, CBC News Network, CBC Radio, CBCNews.ca, mobile and on-demand, CBC News and its internationally recognized team of award-winning journalists deliver the breaking stories, the issues, the analyses and the personalities that matter to Canadians.