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Trump Announces Major Oil Deal with Venezuela

August 29, 2026AL24 | الاقتصادal24news.dzTranslated from Arabic
AL24 | الاقتصاد

U.S. President Donald Trump announced an agreement with Venezuela that allows his country to control over 65 billion barrels of proven oil reserves in Venezuela. Trump wrote on Truth Social yesterday, 'At my direction, Secretary of State Marco Rubio and Secretary of Defense Pete Hegseth, in close cooperation with the esteemed interim President of Venezuela, Delcy Rodríguez, and through a partnership with private companies, have secured a controlling American majority over more than 65 billion barrels of proven oil reserves in Venezuela, at no cost to American taxpayers.' He did not provide additional details about the agreement. For her part, interim President of Venezuela, Delcy Rodríguez, welcomed...

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