Two U.S. officials have reported that the Trump administration is negotiating a significant deal with Venezuela's interim government concerning the South American country's oil resources.
The deal is described as "huge" and "massive" and could double U.S. oil reserves.
It involves more than a dozen oil fields with about 90 billion barrels of proven reserves, previously controlled by Venezuelan insiders and interests from China.
The agreement could allow Venezuela to gain from private companies, including U.S. firms, developing the oil fields, thereby increasing oil revenue for the country.
This deal is seen as a strategic move for U.S. energy security and a way to diminish China's influence in Venezuela.
If successful, it could serve as a legacy-defining moment for President Trump and support his vision of energy dominance in the Western Hemisphere.
Secretary of State Marco Rubio is leading the negotiations with Venezuela’s interim leader, Delcy Rodriguez.
The proposed deal with Venezuela is poised to enhance U.S. energy security and reshape relations with a historically adversarial nation. It could provide long-term benefits both for Venezuela and the United States, particularly by addressing foreign oil dependency.
https://redstate.com/nick-arama/2026/08/27/massive-oil-deal-venezuela-n2206164
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