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Event Brief

Trump announces US stake in Venezuela oil reserves

Venezuela agreed a major oil deal with the United States that would give Washington majority control of 65 billion barrels of proven petroleum reserves. Trump and Delcy Rodríguez described the agreement as “historic,” saying it will benefit both nations.
WHO: Donald Trump and Delcy Rodríguez
WHAT: Trump announced a Venezuela–United States oil deal granting the US majority control of 65 billion barrels of proven reserves.
WHEN: Aug 29, 2026
WHERE: Venezuela
WHY: Cause not yet established.

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