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Politics

Trump says he secured ‘majority US control’ of large slice of Venezuela’s oil reserves

The Hill · August 28, 2026 at 7:43 PM

Trump says he secured ‘majority US control’ of large slice of Venezuela’s oil reserves

President Trump said Friday evening that there will be “majority U.S. control” of a large swath of Venezuela’s oil reserves.

“BREAKING NEWS: The United States of America has just entered into an Agreement with the Country of Venezuela on, THE BIGGEST OIL DEAL IN WORLD HISTORY!” Trump wrote in a post on Truth Social.

“At my...

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