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US to control 65bn barrels of Venezuela oil

Trump announces historic deal, US to gain control of vast oil 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 to control 65bn barrels of Venezuela oil

The United States is set to control 65 billion barrels of Venezuela's oil, according to an announcement made by President Trump. This deal is being hailed as the 'biggest deal in history' and was negotiated by Secretary of State Marco Rubio, Defence Secretary Pete Hegseth, and Venezuela's interim President Delcy Rodriguez.

The agreement was announced by Trump in a social media post, marking a significant development in the country's relations with Venezuela. The US military had carried out an operation to capture Venezuela's President Nicolás Maduro almost nine months ago, acting on Trump's orders. Maduro was taken to the US to face federal charges related to narcoterrorism and drug trafficking.

The deal is a major breakthrough for the US, which has been seeking to expand its influence in the region. Venezuela is home to some of the largest oil reserves in the world, and gaining control of these reserves is a significant coup for the US. The exact terms of the deal are not yet clear, but it is expected to have far-reaching implications for the global energy market.

The US has been imposing sanctions on Venezuela for several years, citing concerns over human rights and democracy. The country has been plagued by economic crisis and political instability, with Maduro's government facing opposition from many countries, including the US.

The involvement of Venezuela's interim President Delcy Rodriguez in the deal is significant, as it suggests that the US is seeking to work with opposition forces in the country. Rodriguez has been a key figure in the opposition movement, and her involvement in the deal may be seen as a sign of the US's commitment to supporting democratic forces in Venezuela.

The deal is also likely to have significant implications for the global energy market. With the US set to control 65 billion barrels of Venezuela's oil, it is likely to have a major impact on the global supply of oil. This could lead to changes in the price of oil, as well as shifts in the balance of power in the global energy market.

The announcement of the deal has been met with mixed reactions, with some hailing it as a major breakthrough and others expressing concerns over the implications for Venezuela and the region. As the details of the deal become clearer, it is likely that there will be further reaction and analysis from around the world.

In terms of what this means for the US and the global energy market, it is clear that this deal is a significant development. The US is set to gain control of a major source of oil, which could have far-reaching implications for the global energy market. It remains to be seen how the deal will play out, but it is likely to be a major topic of discussion in the coming weeks and months.

Overall, the deal is a significant breakthrough for the US, and it is likely to have major implications for the global energy market. As the details of the deal become clearer, it is likely that there will be further reaction and analysis from around the world.

Frequently asked questions

How many barrels of oil will the US control in Venezuela?

The US is set to control 65 billion barrels of Venezuela's oil.

Who negotiated the deal between the US and Venezuela?

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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