US Secures Majority Control of Venezuelan Oil Reserves in New Agreement

AI-generated NewsSnap summary based on source reporting.
Published: 2026-08-29
Category: world
Source: Anadolu Ajansı

US President Donald Trump announced that Washington finalized an agreement with Venezuela to secure majority control of over 65 billion barrels of proven oil reserves. Venezuelan Acting President Delcy Rodriguez hailed the deal as a 'historic milestone' expected to catalyze the nation's revival with significant investment and tax generation.

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