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Trump says US has entered deal with Venezuela to take control of 65 bil. barrels of oil reserves
GlobeVerge has tracked this story since 1h ago.
WASHINGTON — President Donald Trump on Friday said the U.S. has entered an agreement with Venezuela to take control of 65 billion barrels of the South American country’s oil reserves. Trump in a social media post announced the agreement he said was negotiated by Secretary of State Marco Rubio , Defense Secretary Pete Hegseth and Venezuela’s interim…
GlobeSignal-AIlow certainty
- Why it matters
- If confirmed, access to Venezuela's reserves could shift US energy sourcing and reduce reliance on other suppliers, though the agreement's terms and Venezuela's government recognition remain unclear.
- Most affected
- US energy markets — Potential access to 65 billion barrels could alter supply dynamics and pricing.
Venezuela's political factions — Agreement with interim government may complicate international recognition and sanctions disputes. - Likely next
- Whether Venezuela's internationally recognized government or other governments formally acknowledge the agreement, and what specific terms are disclosed.
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