Trump says US inked deal with Venezuela to take control of 65 billion barrels of oil reserves
- Posted on August 29, 2026
- By Business News Today
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- 1 min read
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Trump says US inked deal with Venezuela to take control of 65 billion barrels of oil reserves
The United States has reached an agreement with Venezuela concerning oil reserves. This deal involves taking control of sixty-five billion barrels of the nation's oil. Secretary of State Marco Rubio announced the agreement, calling it historic. The pact aims to bring private investment and lower gas prices. This development occurs amidst ongoing global oil supply concerns.
