Trump says US-Venezuela oil deal would give Washington majority control of reserves
Trump said the agreement was reached through a partnership with private business and would give the United States majority control of more than 65 billion barrels of proven Venezuelan oil reserves. He said the arrangement would substantially lower gas prices for Americans and described it as a historic transaction. Venezuelan interim president Delcy Rodriguez welcomed the deal, which is expected to bring about $209bn to the state treasury.The announcement follows weeks of negotiations and comes as Venezuelan officials prepare to sign agreements next week granting new oil exploration and production rights to several companies, particularly US firms. Trump said Secretary... [Continue Reading]
360LiveNews | 29 Aug 2026 04:29 LONDON
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Trump says U.S. has struck Venezuela oil agreement and taken majority control of reserves
President Donald Trump made multiple posts on Truth Social in the last hour: - "Very sad to hear about the passing of King Harald of Norway, A strong, proud, and greatly respected man. He loved his Country, and was truly loved and respected by his people. Our hearts are with the Royal Family, and all of Norway, during this difficult time. - "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... [Continue Reading]
Breaking-360LiveNews | 29 Aug 2026 03:00 LONDON
