{"id":3399,"date":"2026-08-29T03:22:09","date_gmt":"2026-08-29T03:22:09","guid":{"rendered":"https:\/\/www.vaultinsider.top\/?p=3399"},"modified":"2026-08-29T03:22:09","modified_gmt":"2026-08-29T03:22:09","slug":"trump-says-u-s-to-take-control-of-65-billion-barrels-of-venezuelan-oil-reserves","status":"publish","type":"post","link":"https:\/\/www.vaultinsider.top\/?p=3399","title":{"rendered":"Trump says U.S. to take control of 65 billion barrels of Venezuelan oil reserves"},"content":{"rendered":"<p><img decoding=\"async\" src=\"https:\/\/fortune.com\/img-assets\/wp-content\/uploads\/2026\/08\/AP26240757900206-e1787959468995.jpg?w=2048\" \/><\/p>\n<div id=\"\">\n<p class=\"wp-block-paragraph\">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\u2019s oil reserves.<\/p>\n<div class=\"paywall\">\n<p class=\"wp-block-paragraph\">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\u2019s interim President Delcy Rodriguez.<\/p>\n<p class=\"wp-block-paragraph\">\u201cThe United States of America has just entered into an Agreement with the Country of Venezuela on, THE BIGGEST OIL DEAL IN WORLD HISTORY!\u201d Trump wrote.<\/p>\n<p class=\"wp-block-paragraph\">The announcement of the deal comes nearly nine months after the U.S. military at Trump\u2019s direction carried out an operation to\u00a0capture Venezuela\u2019s president Nicol\u00e1s Maduro\u00a0and spirit him to the United States to face federal narcoterrorism and drug trafficking charges.<\/p>\n<p class=\"wp-block-paragraph\">Trump faces mounting pressure to address high gas prices as\u00a0the war in Iran\u00a0reaches a six-month milestone with no conclusion in sight. The U.S. has tapped its strategic petroleum reserves, which in early August fell below 300 million barrels, down by more than 100 million barrels since the start of 2026.<\/p>\n<p class=\"wp-block-paragraph\">In the days following Maduro\u2019s ouster in January, Trump floated the idea of U.S. oil companies returning to\u00a0Venezuela to tap its oil reserves. Trump has argued that Venezuela stole U.S. oil when former Venezuelan President Hugo Chavez\u2019s moved decades ago to nationalize hundreds of foreign-owned assets, including those owned by American oil companies.<\/p>\n<p class=\"wp-block-paragraph\">Venezuela has one of the largest oil reserves in the world, with an estimated 303 billion barrels of crude oil in the ground. That\u2019s about 17% of the world\u2019s supply, according to the U.S. Energy Information Administration. Unlike other parts of the world, where geologists have to search for untapped oil, the reserves under Venezuela\u2019s soil are largely mapped and known, experts say. But because of dilapidated infrastructure, the country only produces about 1% of the world\u2019s oil.<\/p>\n<\/div>\n<div class=\"flex flex-col layout-gap-md\">\n<div class=\"not-prose empty:contents [:has(*[data-empty=true])]:hidden clear-both\">\n<div class=\"typography-level-4 mt-4 font-graphik-compact [&amp;_*_a]:hover:underline [&amp;_*_a]:text-accent\" data-cy=\"subscriptionPlea\"><span class=\"description-parser contents\" data-cy=\"description\"><em><strong>Fortune Daily<\/strong><\/em> breaks the traditional barrier between audience and newsroom. The show transforms <em>Fortune<\/em>\u2019s trusted reporting into actionable, conversational, and entertaining insights for an emerging class of business leaders. <strong>Watch here.<\/strong><\/span><\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>#Trump #U.S #control #billion #barrels #Venezuelan #oil #reserves<\/p>\n","protected":false},"excerpt":{"rendered":"<p>President Donald Trump on Frid&hellip; <\/p>\n","protected":false},"author":1,"featured_media":3400,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[4507,432,3659,717,4860,357,687,6121],"class_list":["post-3399","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance-news","tag-barrels","tag-billion","tag-control","tag-oil","tag-reserves","tag-trump","tag-u-s","tag-venezuelan"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Trump says U.S. to take control of 65 billion barrels of Venezuelan oil reserves - 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