{"id":829277,"date":"2026-08-29T01:56:11","date_gmt":"2026-08-29T01:56:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/829277\/"},"modified":"2026-08-29T01:56:11","modified_gmt":"2026-08-29T01:56:11","slug":"trump-says-us-has-entered-deal-with-venezuela-to-take-control-of-65-billion-barrels-of-oil-reserves","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/829277\/","title":{"rendered":"Trump says US has entered deal with Venezuela to take control of 65 billion barrels of oil reserves"},"content":{"rendered":"<p class=\"EkqkG IGXmU nlgHS yuUao MvWXB TjIXL aGjvy ebVHC \">President Donald Trump on Friday said the U.S. has entered an agreement with Venezuela to take control of 65 billion barrels of the South American country\u2019s oil reserves.<\/p>\n<p class=\"EkqkG IGXmU nlgHS yuUao lqtkC TjIXL aGjvy \">Trump in a social media post announced the agreement he said was negotiated by Secretary of State Marco Rubio, Defense Secretary Pete Hegseth and Venezuela\u2019s interim President Delcy Rodriguez.<\/p>\n<p class=\"EkqkG IGXmU nlgHS yuUao lqtkC TjIXL aGjvy \">\u201cThe United States of America has just entered into an Agreement with the Country of Venezuela on, THE BIGGEST OIL DEAL IN WORLD HISTORY!\u201d Trump wrote.<\/p>\n<p><img decoding=\"async\" alt=\"President Donald Trump gestures as he disembarks Air Force One upon his arrival at Joint Base Andrews, Md, Friday, Aug. 28, 2026.\" class=\"hsDdd NDJZt sJeUN IJwXl vBqtr KrDt itslR zFTjo hakZw HlUVI \" data-testid=\"prism-image\" draggable=\"false\" src=\"https:\/\/www.newsbeep.com\/us\/wp-content\/uploads\/2026\/08\/19754210_Trump-af1-img.png\"\/><\/p>\n<p>President Donald Trump gestures as he disembarks Air Force One upon his arrival at Joint Base Andrews, Md, Friday, Aug. 28, 2026.<\/p>\n<p>AP Photo\/Luis M. Alvarez<\/p>\n<p class=\"EkqkG IGXmU nlgHS yuUao lqtkC TjIXL aGjvy \">The announcement of the deal comes nearly nine months after the U.S. military at Trump\u2019s direction carried out an operation to capture Venezuela\u2019s president Nicol\u00e1s Maduro and spirit him to the United States to face federal narcoterrorism and drug trafficking charges.<\/p>\n<p class=\"EkqkG IGXmU nlgHS yuUao lqtkC TjIXL aGjvy \">Trump faces mounting pressure to address high gas prices as the war in Iran reaches a six-month milestone with no conclusion in sight. The U.S. has tapped its strategic petroleum reserves, which in early August fell below 300 million barrels, down by more than 100 million barrels since the start of 2026.<\/p>\n<p class=\"EkqkG IGXmU nlgHS yuUao lqtkC TjIXL aGjvy \">In the days following Maduro\u2019s ouster in January, Trump floated the idea of U.S. oil companies returning to Venezuela to tap its oil reserves. Trump has argued that Venezuela stole U.S. oil when former Venezuelan President Hugo Chavez\u2019s moved decades ago to nationalize hundreds of foreign-owned assets, including those owned by American oil companies.<\/p>\n<p class=\"EkqkG IGXmU nlgHS yuUao lqtkC eTIW sUzSN \">Venezuela has one of the largest oil reserves in the world, with an estimated 303 billion barrels of crude oil in the ground. That\u2019s about 17% of the world\u2019s supply, according to the U.S. Energy Information Administration. Unlike other parts of the world, where geologists have to search for untapped oil, the reserves under Venezuela\u2019s soil are largely mapped and known, experts say. But because of dilapidated infrastructure, the country only produces about 1% of the world\u2019s oil.<\/p>\n<p>Copyright \u00a9 2026 by The Associated Press. All Rights Reserved.<\/p>\n","protected":false},"excerpt":{"rendered":"President Donald Trump on Friday said the U.S. has entered an agreement with Venezuela to take control of&hellip;\n","protected":false},"author":2,"featured_media":829278,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[351237,4,450,451,3,452,453],"class_list":["post-829277","post","type-post","status-publish","format-standard","has-post-thumbnail","category-breaking-news","tag-351237","tag-breaking-news","tag-breakingnews","tag-headlines","tag-news","tag-top-stories","tag-topstories"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/829277","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=829277"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/829277\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/829278"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=829277"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=829277"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=829277"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}