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Trump says U.S. has entered deal with Venezuela to take control of 65 billion barrels of oil reserves

NPR News·August 29, 2026·1 min read

President Trump announced his administration has entered a sweeping agreement with Venezuela that could give the U.S. access to vast amounts of the South American country's untapped oil reserves, at cost. The deal reportedly covers 65 billion barrels of oil reserves. Specific terms, including pricing and timeline, were not disclosed in the announcement.

Read at NPR News
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