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US Enters Into Oil Agreement With Venezuela, Trump Says
Reuters logo
By Reuters
Published 21 hours ago on
August 28, 2026
more from Reuters
Two sanctioned oil supertankers engage in a crude transfer near the Borrachas Islands at Venezuela's northeastern coast off Puerto La Cruz, Venezuela August 9, 2026. REUTERS/Leonardo Fernandez Viloria

Two sanctioned oil supertankers engage in a crude transfer near the Borrachas Islands at Venezuela's northeastern coast off Puerto La Cruz, Venezuela August 9, 2026. REUTERS/Leonardo Fernandez Viloria

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President Donald Trump on Friday said the U.S. had entered into an oil agreement with Venezuela.

“At my direction, Secretary of State Marco Rubio, and Secretary of War Pete Hegseth, working closely with Highly Respected Interim President of Venezuela, Delcy Rodriguez, and, through a partnership with private business, have secured majority U.S. control of more than 65 BILLION BARRELS of proven Oil Reserves in Venezuela, at no cost to the American Taxpayer,” Trump wrote on Truth Social.

(Reporting by Costas Pitas and Christian Martinez; Editing by Jasper Ward)

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