Trump says U.S. controls 60B barrels of Venezuelan oil

By The BriefBrief

President Trump said the U.S. now has control of more than 60 billion barrels of proven Venezuelan oil reserves. The announcement describes a deal granting the U.S. control over those reserves.

WHO: President Trump

WHAT: Trump announced that the U.S. has control of more than 60 billion barrels of proven Venezuelan oil reserves under a deal.

WHEN: Reported Aug 28, 2026 at 8:00 PM ET

WHERE: USA

WHY: Cause not yet established.

How this story developed (showing 36 of 36 earlier reports)

Trump deal brings state capitalism to Venezuela oil · Sep 5, 2026 at 3:06 PM ET
Trump Venezuela oil deal leaves US energy firms blindsided · Sep 5, 2026 at 12:06 PM ET
Trump deal could prioritize Venezuela oil over elections · Sep 5, 2026 at 7:06 AM ET
Trump’s Venezuela deal traced to call with oilman · Sep 4, 2026 at 6:10 PM ET
Trump touts Venezuela oil deal as US gains control · Sep 4, 2026 at 3:09 PM ET
Trump deal to take stake in Venezuela oil industry · Sep 4, 2026 at 2:18 PM ET
Trump-linked firms seek Venezuela oil deals · Sep 4, 2026 at 7:00 AM ET
Trump takes majority control of Venezuela oil stake · Sep 3, 2026 at 11:11 AM ET
U.S. and Venezuela sign new oil agreement · Sep 2, 2026 at 2:00 PM ET
US energy chief says Venezuela could double oil output · Sep 2, 2026 at 12:00 AM ET
US defends Venezuela oil deal as Chevron plans expansion · Sep 1, 2026 at 11:00 PM ET
US defends oil deal with Venezuelan investor Betancourt · Sep 1, 2026 at 6:00 PM ET
Trump oil deal for Venezuela could take years · Sep 1, 2026 at 3:07 PM ET
Experts question how fast Venezuela deal could cut gas · Sep 1, 2026 at 11:04 AM ET
Pentagon office helps lead Trump Venezuela oil deal · Sep 1, 2026 at 10:03 AM ET
Trump deal for Venezuela oil reserves sparks anger · Sep 1, 2026 at 9:06 AM ET
Trump deal makes Pentagon investor in Venezuela oil firm · Sep 1, 2026 at 1:00 AM ET
Venezuela grants NABEP 100-year concessions for 17 fields · Aug 31, 2026 at 11:06 PM ET
Trump says U.S.-Venezuela oil deal will lower gas prices · Aug 31, 2026 at 7:00 PM ET
Trump touts new oil deal with Venezuela · Aug 31, 2026 at 6:02 PM ET
Trump says Venezuela deal will top up U.S. oil reserve · Aug 31, 2026 at 5:04 AM ET
Trump plan to seize Venezuela oil reserves draws warnings · Aug 30, 2026 at 9:10 PM ET
Venezuela interim leader says US oil deal aids recovery · Aug 30, 2026 at 9:08 PM ET
Venezuela says it will keep sovereignty over oil reserves · Aug 30, 2026 at 3:08 PM ET
Venezuelans react to U.S. majority control of oil reserves · Aug 30, 2026 at 9:00 AM ET
Trump announces deal for Venezuela oil reserves · Aug 30, 2026 at 9:00 AM ET
Venezuela faces backlash over US oil deal · Aug 30, 2026 at 5:00 AM ET
Trump-Venezuela oil deal to raise output to 1.5m bpd · Aug 30, 2026 at 2:11 AM ET
Venezuela interim president says US energy deal lasts 25 years · Aug 30, 2026 at 1:06 AM ET
Trump oil deal to use Venezuelan firm tied to govt · Aug 29, 2026 at 9:00 PM ET
Trump deal grants US access to Venezuela oil reserves · Aug 29, 2026 at 8:00 PM ET
Trump says U.S. will take control of Venezuela oil reserves · Aug 29, 2026 at 5:00 PM ET
Trump says U.S. deal covers Venezuela oil reserves · Aug 29, 2026 at 3:00 AM ET
Critics denounce reported US bid for Venezuelan oil stake · Aug 28, 2026 at 1:11 PM ET
Trump says US collected $13B from Venezuelan oil sales · Aug 27, 2026 at 11:07 PM ET
US in talks with Venezuela for major oil stake · Aug 27, 2026 at 10:07 PM ET

Reporting from 27 identified publishers across this event arc.

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Publishers represented across this event arc

ABC Australia —
2 articles
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ABC News — View reporting
Al Jazeera —
4 articles
ARY News — View reporting
BBC News — View reporting
Bloomberg —
11 articles
Buenos Aires Times — View reporting
CBS News —
6 articles
CNBC Top News —
5 articles
Dawn Pakistan —
2 articles
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Deutsche Welle — View reporting
Euronews —
2 articles
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Financial Times —
6 articles
France 24 —
2 articles
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Global News Canada — View reporting
Japan Times — View reporting
NBC News — View reporting
New York Times —
6 articles
NPR —
3 articles
PBS NewsHour —
3 articles
Sky News — View reporting
South China Morning Post — View reporting
Straits Times —
4 articles
The Guardian World —
4 articles
The Independent —
4 articles
UPI —
2 articles
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Washington Post —
4 articles

These publishers contributed reporting to the broader event history. Not every source addresses the specific development described above.

How this brief is built: The BriefBrief correlates multiple sources into one evolving event brief, updated as new facts emerge.

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