Trump announces major Venezuelan oil deal following Maduro's removal
US President Donald Trump announced a historic oil deal with Venezuela, drawing both praise from Washington and criticism from opposition figures in Caracas.
US President Donald Trump announced a major energy agreement with Venezuela's interim government following the removal of former President Nicolás Maduro earlier this year.
Trump stated the deal grants the US control over more than 65 billion barrels of proven reserves, describing it as "the largest oil deal in the history of the world" that will lower domestic gas prices. Reports indicate the agreement includes long-term concessions for American private energy companies lasting up to a century.
The interim administration led by Delcy Rodríguez has re-established ties with Washington, though Venezuelan opposition figures have strongly criticized the terms, characterizing the reported arrangement as a predatory land grab. Exact details of the pact have not yet been fully disclosed.
Sources: The Guardian, Sweden Herald, Bloomberg, BBC News, El Día
How outlets assessed this
- Aug 29, 2026, 03:00 AM UTC
- The Guardian Critical Focused on Venezuelan opposition backlash, highlighting concerns over predatory claims on national energy reserves.
- BBC News Neutral Reported on Trump's social media announcement detailing claims of doubled American reserves and lower gas prices.
- Sweden Herald Skeptical Highlighted Trump's use of superlatives while emphasizing that operational details of the Venezuelan oil deal remain scarce.
- Trend News Agency Neutral Focused on the strategic geopolitical advantages for Washington, noting the deal reshapes OPEC dynamics and global energy influence.
- Sweden Herald Skeptical Emphasized that concrete details of the agreement remain scarce despite grand claims from U.S. leadership.
- Trend News Agency Neutral Focused on how the pact grants Washington strategic influence over global oil prices and reshapes OPEC dynamics.
Sources
- The Guardian — Venezuelan opposition up in arms over reports US wants big stake in oil and gas
- Bloomberg — Why the US Wants a Stake in Venezuela’s Oil
- BBC News — US and Venezuela reach 'historic' oil deal, Trump says
- El Día — Trump anuncia un "histórico" acuerdo petrolero con Venezuela con concesiones al sector privado de EEUU de hasta un siglo
- Sweden Herald — Trump says US has signed major oil deal with Venezuela
Earlier coverage
- Sep 4, 2026, 11:00 AM UTCUS and Venezuela sign 25-year oil deal as Rodríguez defends national sovereignty
- Sep 2, 2026, 03:00 PM UTCVenezuela caps energy deal with United States at 25 years
- Sep 2, 2026, 05:00 AM UTCVenezuela's Rodríguez defends 25-year US oil deal amid sovereignty claims
- Sep 1, 2026, 10:30 PM UTCVenezuelan leadership sets 25-year limit on US energy pact
- Sep 1, 2026, 04:00 AM UTCUS details terms of major Venezuela oil agreement
- Sep 1, 2026, 03:00 AM UTCUS outlines control mechanisms in historic Venezuela oil deal
- Aug 30, 2026, 08:00 PM UTCUS secures majority control over 65 billion barrels of Venezuelan crude
- Aug 30, 2026, 04:30 PM UTCUS secures majority control over Venezuelan oil reserves in historic deal
- Aug 30, 2026, 04:30 AM UTCUS oil deal with Venezuela seeks to alter global energy dynamics
- Aug 30, 2026, 03:30 AM UTCUS secures majority control over Venezuela oil reserves in landmark deal