Osama Ali

Published August 29th, 2026 - 15:23 GMT

BAYTOWN, TEXAS - JANUARY 13: In an aerial view, the Exxon Mobil Baytown Refinery is seen on January 13, 2026 in Baytown, Texas. (Photo by Brandon Bell / GETTY IMAGES NORTH AMERICA / Getty Images via AFP)

ALBAWABA — U.S. President Donald Trump announced what he called the biggest oil deal in history, saying Washington has obtained a controlling majority interest in more than 65 billion barrels of Venezuela’s proven oil reserves through a partnership with private corporations.

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