Trump Announces Major Oil Deal Securing Venezuelan Reserves

Donald Trump announced a 25-year oil agreement with Venezuela on August 30, 2026, granting the US control over 65 billion barrels of crude reserves.

The deal has faced intense criticism from both sides of the Venezuelan political spectrum, with opposition leaders labeling it a violation of national sovereignty.

The agreement aims to reshape global energy markets, though analysts warn it could trigger further sanctions and regional instability.