Trump says U.S. has entered deal with Venezuela to take control of 65 billion barrels of oil reserves

President Trump waves after arriving off Air Force One, Friday, Aug. 28, 2026, at Joint Base Andrews, Md.

President Trump says his administration has entered a sweeping agreement with Venezuela that could give the U.S. access to vast amounts of the South American country’s untapped oil reserves, at cost.

(Image credit: Mark Schiefelbein)

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Source: NPR.

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