WASHINGTON (AP) — President Donald Trump on Friday said the U.S. has entered an agreement with Venezuela to take control of 65 billion barrels of the South American country’s oil reserves.

Trump in a social media post announced the agreement he said was negotiated by Secretary of State Marco Rubio, Defense Secretary Pete Hegseth and Venezuela’s interim President Delcy Rodriguez.

“The United States of America has just entered into an Agreement with the Country of Venezuela on, THE BIGGEST OIL DEAL IN WORLD HISTORY!” Trump wrote.

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                        <img src="https://media.eaglewebservices.com/public/2026/8/1785709009033.png" alt="File photo President Trump from White House video" />
                        <figcaption>File photo President Trump from White House video</figcaption>
                    </figure><p>WASHINGTON (AP) — President Donald Trump on Friday said the U.S. has entered an agreement with Venezuela to take control of 65 billion barrels of the South American country’s oil reserves.</p><div><blockquote class="twitter-tweet"><p lang="en" dir="ltr">🚨 &quot;BREAKING NEWS: The United States of America has just entered into an Agreement with the Country of Venezuela on, THE BIGGEST OIL DEAL IN WORLD HISTORY!&quot; - President Donald J. Trump 🇺🇸 <a href="https://t.co/AsQqX3Y0sy">pic.twitter.com/AsQqX3Y0sy</a></p>&mdash; The White House (@WhiteHouse) <a href="https://x.com/WhiteHouse/status/2093472546494501175?ref_src=twsrc%5Etfw">August 28, 2026</a></blockquote> <script async src="https://platform.x.com/widgets.js" charset="utf-8"></script></div><figure>
                        <img src="https://media.eaglewebservices.com/public/2026/8/1787961062897.png" alt="<br>" />
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                    </figure><div><blockquote class="twitter-tweet"><p lang="qme" dir="ltr">🚨 <a href="https://t.co/DX6ohgJJ8y">pic.twitter.com/DX6ohgJJ8y</a></p>&mdash; Rapid Response 47 (@RapidResponse47) <a href="https://x.com/RapidResponse47/status/2093470778876453215?ref_src=twsrc%5Etfw">August 28, 2026</a></blockquote> <script async src="https://platform.x.com/widgets.js" charset="utf-8"></script></div><p>Trump in a social media post announced the agreement he said was negotiated by Secretary of State Marco Rubio, Defense Secretary Pete Hegseth and Venezuela’s interim President Delcy Rodriguez.</p><p>“The United States of America has just entered into an Agreement with the Country of Venezuela on, THE BIGGEST OIL DEAL IN WORLD HISTORY!” Trump wrote.</p>

President Trump: U.S. has entered into biggest oil deal in history