The GuardianUK News & Comment• 1 min read

Trump announces new US oil agreement with Venezuela

Published 29 August 2026, 12:34am

US president says US will have ‘majority’ control of 65bn barrels of proven oil reserves Donald Trump announced Friday a new US oil agreement with Venezuela’s interim president Delcy Rodríguez, saying the US will have “majority” control of 65bn barrels of proven oil reserves.

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