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US Reaches Deal to Control Venezuelan Oil Reserves, Trump Announces

Al Jazeera · The Hill · Euronews · 15 sources · first seen 28.08.2026 · updated 01.09.2026

Following a deal struck with the United States regarding energy resources and the control of 65 billion barrels of oil reserves, Venezuela's acting president announced that the country will maintain sovereign control over its oil reserves to drive social and economic well-being, though energy experts have expressed skepticism regarding the feasibility and implementation of the agreement.

  • Venezuela's acting president confirmed the country will maintain sovereign control over oil reserves.
  • The statement follows a deal struck with the US regarding energy resources.
  • The US announced a deal to control 65 billion barrels of Venezuelan oil reserves.
  • Energy experts have voiced skepticism regarding the feasibility and implementation of the proposed deal.

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