US Secures Majority Control of Venezuela’s Oil Reserves

• US secures majority control of 65 billion barrels of Venezuelan oil.
• Deal reportedly struck with interim President Delcy Rodríguez.
• Aims to boost US energy dominance for the next century.

President Donald Trump announced on Friday that the United States has secured majority control of more than 65 billion barrels of oil reserves in Venezuela. The deal, reportedly struck with Venezuela’s interim President Delcy Rodríguez, is said to involve a “partnership with private business” and come “at no cost to” U.S. taxpayers. Signed by Secretary of State Marco Rubio and Secretary of War Pete Hegseth, this agreement significantly expands the U.S.’s proven territorial reserves, which currently stand at roughly 46 billion barrels. This move is presented as a measure to ensure U.S. energy dominance for the next century, granting the U.S. government powerful governance rights and economic ownership over the vast oil resources.