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Americas

US officials defend Venezuela oil dealamid questions over rebuilding plan

Government talks up pact but Venezuelan opposition alarmed that democracy yet to return after Maduro exit

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

Read full story on The Guardian →
Robert Tait in Washington2 Sept 2026, 12:18 amUpdated 14h ago1 min readAmericasUnited States
US officials defend Venezuela oil deal amid questions over rebuilding plan

United States — Robert Tait in Washington

Government talks up pact but Venezuelan opposition alarmed that democracy yet to return after Maduro exit

Trump administration officials on Tuesday defended a highly contentious deal giving the US control of a significant chunk of Venezuelan oil reserves, arguing that the sweeping agreement would help stabilize and rebuild democracy in the shattered South American country while giving Washington vital access to strategic crude reserves.

Last week, Donald Trump announced a “groundbreaking” deal that would give the US “majority” control over 65bn barrels – roughly one-fifth – of Venezuela’s oil reserves.

Trump administration officials on Tuesday defended a highly contentious deal giving the US control of a significant chunk of Venezuelan oil reserves, arguing that the sweeping agreement would help stabilize and rebuild democracy in the shattered South American country while giving Washington vital access to strategic crude reserves.

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

Source: The Guardian · Robert Tait in Washington. Published 2 Sept 2026, 12:18 am.

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