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EconomyTrump announces ‘biggest oil deal in world history’ with Venezuela

Donald Trump says the United States has secured majority control of more than 65 billion barrels of Venezuela’s proven oil reserves in a deal intended to revive the country’s energy industry and increase crude supplies to US refineries. The arrangement could bring about $209bn to Venezuela’s treasury, but its structure and implementation remain undisclosed and may face legal and constitutional challenges.

VenezuelaDonald Trumpoil dealUS energy

People in this report Donald Trump

AAl Jazeera★★★★☆2026-08-29 02:32Original

Trump announces ‘biggest oil deal in world history’ with Venezuela
Trump announces ‘biggest oil deal in world history’ with VenezuelaEconomy