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Trump says U.S. has entered deal with Venezuela totake control of 65 billion barrels of oil reserves

President Trump says his administration has entered a sweeping agreement with Venezuela that could give the U.S. access to vast amounts of the South American country's untapped oil reserves, at cost.

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

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The Associated Press29 Aug 2026, 02:07 amUpdated 10h ago1 min readWorldWorld

World — The Associated Press

Trump says U.S. has entered deal with Venezuela to take control of 65 billion barrels of oil reserves

President Trump says his administration has entered a sweeping agreement with Venezuela that could give the U.S. access to vast amounts of the South American country's untapped oil reserves, at cost.

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

Source: NPR · The Associated Press. Published 29 Aug 2026, 02:07 am.

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