Europe

US to control one fifth ofVenezuela's oil reserves, Trump says

President Donald Trump on Friday announced an unprecedented US push to take control of a fifth of Venezuela's vast oil reserves, betting that American companies can revive the OPEC nation's battered energy industry while delivering a new source of crude to help bring down US fue

This story summarizes reporting from France 24. Read the original for full context. Wire items stay in our news sitemap for seven days. Editorial policy.

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FRANCE2429 Aug 2026, 08:55 amUpdated 6h ago1 min readEuropeWorld

US to control one fifth of Venezuela's oil reserves, Trump says

World — FRANCE24

US to control one fifth of Venezuela's oil reserves, Trump says

President Donald Trump on Friday announced an unprecedented US push to take control of a fifth of Venezuela's vast oil reserves, betting that American companies can revive the OPEC nation's battered energy industry while delivering a new source of crude to help bring down US fuel prices.

This report is published with credit to France 24. The wire sent a summary; open the original for any extra context. Read on France 24 →

Source: France 24 · FRANCE24. Published 29 Aug 2026, 08:55 am.

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