United States: what is known about Trump's deal to access Venezuela's oilPhoto by Amar Preciado on Pexels
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United States: what is known about Trump's deal to access Venezuela's oil

Euronews Portugal31 August 2026 at 05:02

The President of the United States, Donald Trump, announced through a social media post an alleged agreement with Venezuela that he classified as "the biggest oil deal in history." The White House, however, revealed practically no additional details about the terms or conditions of this supposed agreement.

Venezuela, governed by Nicolás Maduro, has one of the largest proven oil reserves in the world, which makes the country a potential partner of great interest to the United States in the energy sector. The agreement, if confirmed, could represent a significant shift in bilateral relations between the two countries.

The lack of official information from the Trump administration contrasts with the bombshell announcement made by the American President. To date, no documents, White House statements, or declarations from officials have been made available that would allow verification of the details or the actual extent of the alleged agreement.

This silence from American authorities raises questions about the exact nature of what was agreed upon, whether there actually is a formal agreement or merely preliminary negotiations, and what conditions would have been established for Venezuela to accept ceding access to its oil wealth to the United States.

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