Trump Announces US-Venezuela Oil Reserves Deal

President Trump said the U.S. struck a deal giving it control of more than 65 billion barrels of Venezuela's oil reserves, involving a partnership with a private company. The Venezuelan interim president called the agreement historic and said it would help revive the economy. The terms have not been independently confirmed.

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Trump hails 'historic' deal for US to control 65bn barrels of Venezuela's oil

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The president said an agreement between the countries covered more than 65 billion barrels of reserves. A U.S. official said it would involve a partnership with a private company.

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Euronews Published 29 August 2026

US strikes deal to control 65 billion barrels of Venezuela's oil reserves, Trump says

Trump has long been candid about his desire for the US to secure Venezuelan oil and has urged oil companies to invest in the South American nation.

NYT Published 29 August 2026

Trump Says U.S. Struck Deal for Control of More Than 65 Billion Barrels of Venezuela’s Oil

The president said an agreement between the countries covered more than 65 billion barrels of reserves. A U.S. official said it would involve a partnership with a private company.

BBC Published 29 August 2026

Trump hails 'historic' deal for US to control 65bn barrels of Venezuela's oil

Venezuelan interim president says the unusual agreement will help revive her country's economy.

NPR Published 29 August 2026

Trump says U.S. has entered deal with Venezuela to take control of 65 billion barrels of oil reserves

President Trump says his administration has entered a sweeping agreement with Venezuela that could give the U.S. access to vast amounts of the South American country's untapped oil reserves, at cost.

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Japan Raises Interest Rates to 31-Year High Under U.S. Pressure

Business 4h ago Updating

Bank of Japan Raises Interest Rates to 31-Year High

The Bank of Japan raised interest rates to a 31-year high in a widely expected move aimed at curbing rising prices. U.S. Treasury Secretary Scott Bessent had publicly pressed Japan to tighten monetary policy, though the BBC report frames global rate hikes as a response to high energy-driven inflation.

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