Evan Halper, Karen DeYoung, Anthony Faiola, and Samantha SchmidtWashington Post·29 Aug, 2026 05:47 AM9 mins to readPresident Donald Trump has announced a deal that gives the United States control of a major share of Venezuela's oil reserves. Photo / Getty ImagesPresident Donald Trump says the United States has secured a long-term stake in a vast share of Venezuela’s oil fields, a potentially costly and legally precarious proposal that aims to nudge reluctant energy companies to drill in the risky region.
The plan involves the US taking more direct control over










