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

https://mins.news/en/item/36363

- Al Jazeera, 2026-08-29 02:32 UTC
- Economy
- Original: https://www.aljazeera.com/news/2026/8/29/trump-announces-biggest-oil-deal-in-world-history-with-venezuela?traffic_source=rss

> 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.

## Stories

- [US Venezuela Oil and Diplomatic Relations](https://mins.news/en/topic/us-venezuela-oil-relations) — Markdown: https://mins.news/en/topic/us-venezuela-oil-relations.md

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