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At close · Thu, Aug 27, 2026
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HomeGlobal MarketsTrade & TariffsTrump says the U.S. has a deal for control of a large…

Trump says the U.S. has a deal for control of a large share of oil in Venezuela

The president described the arrangement as a partnership with private business covering more than 65 billion barrels of reserves.

The New York Times Business reports that President Trump said the United States has a deal aimed at securing control of a large share of Venezuela’s oil.

According to the report, Trump characterized the agreement between the countries as a partnership with private business, tied to more than 65 billion barrels of reserves.

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