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US Gains Control of 65bn Barrels in Venezuela

Trump announces historic oil deal, US takes control of vast reserves. Venezuela's interim president involved.

Mumbai Alert · World Desk
Mumbai Alert · World Desk
World Desk · Mumbai Alert News · Sat, 29 August 2026 at 04:52 am
US Gains Control of 65bn Barrels in Venezuela

US President Trump has announced that the United States has gained control of 65 billion barrels of oil in Venezuela, in what he describes as the 'biggest oil deal in world history'. The deal was negotiated by Secretary of State Marco Rubio, Defence Secretary Pete Hegseth, and Venezuela's interim President Delcy Rodriguez.

The announcement was made by Trump in a social media post, and comes almost nine months after a US military operation was carried out to capture Venezuela's President Nicolás Maduro. Maduro was taken to the US to face federal charges related to narcoterrorism and drug trafficking.

The US military operation was carried out on Trump's orders, and marked a significant escalation of tensions between the US and Venezuela. The operation was widely reported, and sparked concerns about the implications for regional stability.

The deal announced by Trump is likely to have significant implications for the global oil market, and could potentially alter the balance of power in the region. Venezuela has long been a major oil producer, and the US has been seeking to increase its influence in the country.

The involvement of Venezuela's interim President Delcy Rodriguez in the negotiations suggests that the US has been working closely with opposition forces in the country. The US has been seeking to undermine the authority of Maduro, who has been accused of human rights abuses and corruption.

The announcement of the deal has sparked widespread reaction, with many analysts seeking to understand the implications of the agreement. The US has been seeking to increase its energy independence, and the deal could potentially provide a significant boost to the country's oil reserves.

The situation in Venezuela remains complex and volatile, with ongoing tensions between the US and the Maduro government. The announcement of the deal is likely to add to the uncertainty, and could potentially spark further instability in the region.

In terms of the broader implications, the deal could potentially have significant consequences for the global oil market. The US is already a major oil producer, and the addition of 65 billion barrels of oil from Venezuela could potentially make it an even more dominant player in the market.

Overall, the announcement of the deal marks a significant development in the ongoing saga between the US and Venezuela. The implications of the agreement are likely to be far-reaching, and could potentially have significant consequences for the global oil market and regional stability.

The deal is a major coup for the US, and could potentially provide a significant boost to the country's energy security. However, the situation in Venezuela remains complex and volatile, and it is unclear what the long-term implications of the agreement will be.

In conclusion, the announcement of the US gaining control of 65 billion barrels of oil in Venezuela is a significant development that could potentially have far-reaching implications for the global oil market and regional stability. The deal marks a major escalation of US involvement in the country, and could potentially alter the balance of power in the region.

What it means for the US and the world is that the country has taken a major step towards increasing its energy independence, and has potentially gained a significant advantage in the global oil market. However, the situation in Venezuela remains uncertain, and it is unclear what the long-term implications of the agreement will be.

Frequently asked questions

What is the significance of the US gaining control of 65 billion barrels of oil in Venezuela?

The deal could potentially provide a significant boost to the US's energy security and make it a more dominant player in the global oil market.

Who negotiated the deal on behalf of the US?

The deal was negotiated by Secretary of State Marco Rubio, Defence Secretary Pete Hegseth, and Venezuela's interim President Delcy Rodriguez.

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