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Trump Announces Deal for 55% U.S. Stake in Venezuela Oil

9/1/2026

Summary

Story summary

U.S. President Donald Trump announced a deal giving the U.S. 55% interest in 65 billion barrels from 17 Venezuelan fields.
Interim President Delcy Rodriguez said the deal targets over 1.5 million barrels per day and preserves Venezuela’s resource sovereignty.
Secretary of State Marco Rubio called the deal a “huge win” that will bring nearly $100 billion to Venezuela.
Oil trader Phil Flynn said the agreement could lower U.S. gasoline prices, $4.08 per gallon.

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Story summary

U.S. President Donald Trump announced a deal giving the U.S. 55% interest in 65 billion barrels from 17 Venezuelan fields.
Interim President Delcy Rodriguez said the deal targets over 1.5 million barrels per day and preserves Venezuela’s resource sovereignty.
Secretary of State Marco Rubio called the deal a “huge win” that will bring nearly $100 billion to Venezuela.
Oil trader Phil Flynn said the agreement could lower U.S. gasoline prices, $4.08 per gallon.