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Trump secures US control of Venezuela's 65 billion barrels of oil

August 29, 2026

Summary

President Trump announced a "historic" deal with Venezuela, stating the U.S. will gain majority control of over 65 billion barrels of Venezuela's oil reserves, a move he claims will lower gas prices for Americans.

How coverage differs

Left outlets focus on Trump's claims about the deal's impact on gas prices, while right outlets emphasize the administration's decisive action in securing energy resources.

  • Left: Trump announces ‘historic’ deal for US control of Venezuela oil Left-leaning outlets report President Trump's announcement of a 'historic' deal with Venezuela, noting his claim that the U.S. will gain majority control of over 65 billion barrels of oil reserves. These outlets emphasize Trump's assertion that this move will lower gas prices for Americans, presenting it as a direct quote from the President.
  • Center: US secures Venezuela oil reserves, Trump claims lower gas prices Center outlets report President Trump's announcement of a deal with Venezuela, stating the U.S. will take control of over 65 billion barrels of the country's oil reserves. These reports factually convey the President's statement regarding the agreement.
  • Right: Trump secures massive oil deal, boosting US energy control Right-leaning outlets highlight President Trump's announcement of a 'massive' oil deal with Venezuela, emphasizing the significant acquisition of over 65 billion barrels in reserves. They frame this as a decisive action by the Trump administration to secure vital energy resources for the U.S.

Coverage by lane

Left

  • Trump announces 'historic' US-Venezuela oil deal that he says will lower gas prices
  • Trump says US reaches deal with Venezuela to control 65 billion barrels of country’s oil reserves - CNN

Center

  • Trump says US has entered deal with Venezuela to take control of 65 billion barrels of oil reserves - AP News
  • U.S. to Take Control of Much of Venezuela’s Proven Oil Reserves
  • Trump announces deal with Venezuela to secure more than 65 billion barrels of oil reserves

Right

  • Trump announces massive oil deal with Venezuela for over 65 billion barrels in reserves - Washington Examiner

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