# Oil and politics: What Trump’s ‘historic’ deal means for Venezuela

https://mins.news/en/item/46462

- Al Jazeera, 2026-09-05 09:11 UTC
- Politics
- Original: https://www.aljazeera.com/features/2026/9/5/oil-and-politics-what-trumps-historic-deal-means-for?traffic_source=rss

> Venezuelans hope for free and fair elections, but the US may put oil production first. The article says a deal announced by the US and Venezuela would give US control of 65 billion barrels of crude reserves for 100 years, advancing oil-sector privatisation and shaping the country’s political transition. Conflicting accounts have left the agreement’s final terms uncertain.

## 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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