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Trump says he secured ‘majority US control’ of large slice of Venezuela’s oil reserves

President Trump said Friday evening that there will be “majority U.S. control” of a large swath of Venezuela’s oil reserves. “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!” T.

Curated by Brimstone Editorial Desk · Source: The Hill ·
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Expanded Context

Brimstone Report is tracking this as a curated politics brief. The source report from The Hill says: President Trump said Friday evening that there will be “majority U.S. control” of a large swath of Venezuela’s oil reserves. “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!” T.

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Why It Matters

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Key Facts

  • Primary source: The Hill
  • Published: Aug 28, 2026, 11:43 PM UTC
  • Coverage area: Politics
  • Brimstone role: curated summary, explanation, and source attribution
  • Topic signals: developing story metadata

Timeline

  1. Source published: Aug 28, 2026, 11:43 PM UTC
  2. Brimstone indexed: Added to the curated Brimstone feed and linked to related coverage.
  3. Next update to watch: Additional sourcing, official confirmation, court or agency records, or follow-up reporting.

Source Attribution

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President Trump announces 'biggest oil deal in world history'

President Trump says the U.S. has entered into a deal with Venezuela to take control of 65 billion barrels of oil "at no cost to the American taxpayer." Secretary Marco Rubio also claiming this deal a "huge win for both the American and Venezuelan people."
NBC NewsAug 29, 1:30 AM