Trump Announces Major Venezuela Oil Deal
The Real News Feed homepage has 60 new headlines every 24 hours - click here to see it.
President Donald Trump says the United States has reached what he describes as the largest oil deal in world history with Venezuela.
Trump says the agreement would give American interests majority control of more than 65 billion barrels of Venezuela’s proven oil reserves, with no cost to U.S. taxpayers. The president says the historic arrangement could more than double America’s oil reserves, increase domestic supply, and drive gasoline prices lower for years to come.
The announcement comes as Washington seeks to deepen its relationship with Venezuela, with Trump crediting Secretary of State Marco Rubio, Secretary of War Pete Hegseth, Venezuelan interim president Delcy Rodríguez, and private-sector partners for securing the deal.
BREAKING NEWS: The United States of America has just entered into an Agreement with the Country of Venezuela on, THE BIGGEST OIL DEAL IN WORLD HISTORY! At my direction, Secretary of State Marco Rubio, and Secretary of War Pete Hegseth, working closely with Highly Respected Interim President of Venezuela, Delcy Rodriguez, and, through a partnership with private business, have secured majority U.S. control of more than 65 BILLION BARRELS of proven Oil Reserves in Venezuela, at no cost to the American Taxpayer. This Historic Transaction MORE THAN DOUBLES American Oil Reserves, greatly increases our Oil Supply, and will substantially lower Gas Prices for all Americans, long into the future, while helping to continue to set Venezuela on a course toward Tremendous Success and Great Prosperity. This Transaction will greatly strengthen the already growing relationship between Venezuela and the United States! Thank you for your attention to this groundbreaking matter. MAKE AMERICA GREAT AGAIN! President DONALD J. TRUMP
Secretary of State Marco Rubio is calling the newly announced U.S.-Venezuela oil agreement a “huge win” for both American and Venezuelan people, saying the deal could have major consequences for energy prices, investment, and Venezuela’s economic future.
Rubio says the agreement advances President Donald Trump’s “America First” agenda by securing access to what he describes as stable, low-cost oil reserves in the Western Hemisphere while helping bring down gas prices for Americans.
But the deal isn’t just about energy. Rubio says nearly $100 billion in private investment will flow into Venezuela, supporting thousands of high-paying jobs and helping rebuild the country’s economy.
This deal is a huge win for both the American and Venezuelan people.
It demonstrates how President Trump’s bold foreign policy is driving America First wins: securing stable reserves and low-cost oil in our Hemisphere and lowering gas prices here at home.
For the Venezuelan… https://t.co/SMSRYGWmVb
— Secretary Marco Rubio (@SecRubio) August 28, 2026
Trump’s foreign policy is working!
