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Trump says US is taking partialcontrol of Venezuela's oil reserves

The United States has struck a deal with Venezuela to secure "majority US control" of more than 65 billion barrels of Venezuelan oil, according to Donald Trump.

This story summarizes reporting from ABC News Australia. Read the original for full context. Wire items stay in our news sitemap for seven days. Editorial policy.

Read full story on ABC News Australia →

ABC News Australia29 Aug 2026, 01:30 amUpdated 2d ago1 min readAsiaAustralia

Australia — ABC News Australia

Trump says US is taking partial control of Venezuela's oil reserves

The United States has struck a deal with Venezuela to secure "majority US control" of more than 65 billion barrels of Venezuelan oil, according to Donald Trump.

This report is published with credit to ABC News Australia. The wire sent a summary; open the original for any extra context. Read on ABC News Australia →

Source: ABC News Australia. Published 29 Aug 2026, 01:30 am.

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