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EconomyTrump boasts of US takeover of Venezuela’s vast oil reserves

US President Donald Trump announced that the United States had secured majority control of more than 65 billion barrels of Venezuela’s proven oil reserves through a private-business partnership. Details remain undisclosed, while Venezuelan officials prepare to grant US firms new exploration and production rights amid possible legal and constitutional challenges.

United StatesVenezuelaOilEnergy investment

People in this report Donald Trump

CCGTN★★★★☆2026-08-29 12:35Original

Trump boasts of US takeover of Venezuela’s vast oil reserves
Trump boasts of US takeover of Venezuela’s vast oil reservesEconomy