Between August 27–28, 2026, the Trump administration negotiated and announced a deal giving the United States a controlling interest in Venezuela's oil fields. President Trump confirmed the agreement on August 28, citing the pact's benefit to US oil supplies.
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The Trump administration is in talks with Venezuela to take an ownership stake in the Latin American nation’s oil fields, Axios reported.
The US is in talks with Venezuela to take a large stake in its oil fields, a dramatic move by the Trump administration to extend its influence on the post-Maduro government and the nation’s vast energy reserves.
Trump administration discusses taking stake in Venezuela oil, Axios reports Reuters
Pact with Caracas would bolster US oil supplies for years to come, but may face legal challenges.
The US and Venezuela have agreed to a deal that would give the American government a major stake in Venezuela’s oil reserves, President Donald Trump said Friday.
Trump says US has a deal to take huge stake in Venezuela’s oil reserves