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The Guardian - US
The Guardian - US
World
Guardian staff and agencies

Trump announces new US oil agreement with Venezuela

United States Oil Donald Trump Venezuela Marco Rubio Nicolás Maduro
Red, yellow, and blue flag in wooden pier, with choppy water and very long ship beyond.
A Venezuelan flag in front of an oil tanker in Maracaibo, Venezuela, on 27 July. Photograph: Anadolu/Getty Images

Donald Trump announced Friday a new US oil agreement with Venezuela’s interim president Delcy Rodríguez, saying the US will have “majority” control of 65bn barrels of proven oil reserves.

The terms of the agreement remain to be seen, but the US president said on his social-media platform that it had been brokered “through a partnership with ⁠private business” by his secretary of state, Marco Rubio, and defense secretary, Pete Hegseth.

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