WASHINGTON, AUGUST 29: The White House has finalized a landmark energy partnership with Venezuela designed to secure direct access to vast global petroleum reserves and expand energy security across the hemisphere.
Under the terms announced by President Donald Trump, the agreement establishes majority American control over 65 billion barrels of crude reserves through public-private commercial structures. The move arrives amidst domestic pressure on retail gasoline prices and ongoing supply disruptions linked to conflict in the Middle East.
Interim President Delcy Rodriguez represented Venezuelan authorities during negotiations, which unfolded nine months after US forces transferred former President Nicolas Maduro to American jurisdiction on narcoterrorism charges.
Administration officials affirmed that the arrangement aims to replenish depleted strategic reserves while revitalizing the South American nation’s energy sector. President Trump declared that the deal strengthens bilateral ties and provides a long-term foundation for economic stability across both nations.
