President Trump posted on social media on the 28th saying the US has reached an agreement with Venezuela to obtain 'majority control' of more than 65 billion barrels of the country's proven oil reserves through cooperation with private firms. He said

2026-08-29

President Trump posted on social media on the 28th saying the US has reached an agreement with Venezuela to obtain 'majority control' of more than 65 billion barrels of the country's proven oil reserves through cooperation with private firms. He said the deal would cost US taxpayers nothing and would 'more than double' US oil reserves, materially boost supply and significantly lower US gasoline prices for an extended period. Trump did not disclose details and the White House has not issued an official statement.

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2026-08-29

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