<p>US government officials defended a deal that grants the United States control over a significant portion of Venezuelan oil reserves, stating that the agreement aims to stabilize and rebuild democracy in Venezuela. This deal also provides the US with access to important crude oil supplies.</p><p>On August 28, 2026, former President Donald Trump announced the agreement, which would give the US majority control over approximately 65 billion barrels of oil, representing about one-fifth of Venezuela's total reserves.</p>
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US Officials Support Venezuela Oil Agreement Amid Concerns Over Democracy
US officials have defended a deal that allows the US to control a significant portion of Venezuela's oil reserves, claiming it will aid in stabilizing democracy in the country. The agreement, announced by Donald Trump, involves majority control over 65 billion barrels of oil.
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US Officials Support Venezuela Oil Agreement Amid Concerns Over Democracy