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Macro Finance

Trump Plans to Seize Direct Control of Venezuela’s Oil Reserves

Bloomberg Markets·August 31, 2026·1 min read

President Donald Trump plans to seize direct control of Venezuela's oil reserves, announcing a deal with Venezuela's interim President Delcy Rodríguez. The US will control more than 65 billion barrels of oil 'through a partnership with private business,' per a Bloomberg Television report.

Read at Bloomberg Markets
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