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The Independent UK
The Independent UK
World
The Associated Press

The Latest: Trump says Venezuela agreed to give US control of 65 billion barrels of oil reserves

Trump - (Copyright 2026 The Associated Press. All rights reserved.)

President Donald Trump said Friday that his administration has entered a sweeping agreement with Venezuela that, if realized, could give the U.S. access to vast amounts of the South American country’s untapped oil reserves, at cost. The president is calling it “THE BIGGEST OIL DEAL IN WORLD HISTORY!”

The United Arab Emirates’ air force intercepted an Iranian drone over its territorial waters Monday, the Defense Ministry said, an attack that comes after the United States and Iran exchanged fire on the weekend, the first significant military action in a month.

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