Trump Announces US Oil Agreement with Venezuela

Donald Trump announced on Friday that the United States has secured a new oil agreement with Venezuela’s interim president, Delcy Rodríguez, which he said would give the U.S. “majority” control of 65 billion barrels of proven oil reserves. The former president posted the claim on his social‑media platform, noting that the deal was brokered through a partnership with private business and facilitated by Secretary of State Marco Rubio and Defense Secretary Pete Hegseth.

Specific terms of the agreement have not yet been disclosed, leaving questions about the nature of the partnership, the duration of the arrangement, and how the U.S. will exercise its control over the reserves. The announcement comes amid a long history of strained U.S.–Venezuela relations and a global scramble for energy resources, making the 65‑billion‑barrel figure a potentially significant shift in the geopolitics of oil.

As the details of the deal remain to be clarified, analysts will be watching for further statements from the Trump administration and the Venezuelan government. The outcome could impact U.S. energy strategy and international oil markets, but no concrete provisions have yet been made public.