Global Politics Report Editorial

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

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.

Key Data

Source: NPR Politics

Politics desk: Government

Published: Aug. 28, 2026 at 10:07 PM ET

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This development may affect executive authority, public policy or government accountability.

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Original source: NPR Politics