https://www.live-feeds.com/feed/trump-says-he-has-secured-a-vast-u-s-stake-in-venezuelan-oil-industryContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/trump-says-he-has-secured-a-vast-u-s-stake-in-venezuelan-oil-industryhttps://www.live-feeds.com/feed/trump-says-he-has-secured-a-vast-u-s-stake-in-venezuelan-oil-industry#u55227Thu, 03 Sep 2026 06:36:51 +0000The US has secured a stake in a private company with rights to develop 17 Venezuelan oil fields containing 65 billion barrels of oil. The Pentagon will hold 35% ownership, while the State Department has a guarantee to buy 20% of the oil output at cost. President Trump calls it the biggest oil deal in world history, aiming to lower US gas prices and stabilize regional oil supply.Why it mattersThis development is part of the Trump administration's efforts to secure energy resources and influence global oil markets. The deal's impact on US energy policy and regional geopolitics is signi https://www.live-feeds.com/feed/trump-says-he-has-secured-a-vast-u-s-stake-in-venezuelan-oil-industryhttps://www.live-feeds.com/feed/trump-says-he-has-secured-a-vast-u-s-stake-in-venezuelan-oil-industry#u53591Tue, 01 Sep 2026 06:15:52 +0000The Trump administration has provided specific ownership terms for its agreement to secure majority control of Venezuelan oil reserves. The Pentagon will hold a 35% ownership stake in a newly created private company, while the State Department secured a guarantee to purchase 20% of the oil output at cost. President Trump describes the arrangement as the biggest oil deal in world history, intended to lower domestic gas prices and stabilize the regional oil supply. No formal text of the agreement has been made public.Why it mattersThe deal targets Venezuela's massive oil reserves to increas https://www.live-feeds.com/feed/trump-says-he-has-secured-a-vast-u-s-stake-in-venezuelan-oil-industryhttps://www.live-feeds.com/feed/trump-says-he-has-secured-a-vast-u-s-stake-in-venezuelan-oil-industry#u52179Sun, 30 Aug 2026 08:16:09 +0000President Donald Trump announced a deal granting the United States control over a significant portion of Venezuela's oil reserves. Trump described the agreement as the "BIGGEST OIL DEAL IN WORLD HISTORY," claiming it provides majority control of over 60 billion barrels of oil. The administration asserts the move will substantially lower gas prices. While some reports specify a 65 billion barrel stake, other details regarding the cost and legal framework of the long-term agreement remain unclear.Why it mattersVenezuela holds some of the largest proven oil reserves globally. This