Trump Announces Major Oil Deal with Venezuela
By Editor • August 28, 2026 • 1 min read
President Donald Trump revealed on Friday that the United States has secured a deal with Venezuela, granting control over 65 billion barrels of the nation's oil reserves. The agreement was brokered by Secretary of State Marco Rubio and Defence Secretary Pete Hegseth.
Trump hailed the arrangement as potentially the largest oil deal in history, emphasizing its significance in a social media announcement.
Source: www.scmp.com
