{"id":3176,"date":"2026-08-30T05:42:34","date_gmt":"2026-08-30T05:42:34","guid":{"rendered":"https:\/\/modernhomejournals.com\/?p=3176"},"modified":"2026-08-30T05:42:34","modified_gmt":"2026-08-30T05:42:34","slug":"trump-announces-agreement-to-partially-control-venezuelas-oil-reserves","status":"publish","type":"post","link":"https:\/\/modernhomejournals.com\/?p=3176","title":{"rendered":"Trump Announces Agreement to Partially Control Venezuela\u2019s Oil Reserves"},"content":{"rendered":"<div>\n<div>\n<\/div>\n<div>\n<p>President Donald Trump announced late Friday a plan to take majority control of Venezuela\u2019s oil reserves, which would give the U.S. access to at least 65 billion barrels of oil.<\/p><p>Read more <a href=\"https:\/\/modernhomejournals.com\/?p=3170\">Yosemite Is Facing More Development. It\u2019s Already Overtaxed.<\/a><\/p><p>The agreement with Venezuela\u2019s acting president, Delcy Rodr\u00edguez, is intended to double American oil reserves and lower gas costs, Trump said on <span><u>Truth Social<\/u><\/span>. American consumers are facing rising prices due to the U.S. conflict with Iran over control of the Strait of Hormuz, a consequential waterway in the Persian Gulf that serves as a vital transportation route for the global energy market.<\/p>\n<p>The president has faced pressure to lower costs, especially ahead of the midterm elections, though it\u2019s unclear whether this deal will directly lead to the decrease Trump is seeking.<\/p><p>Trump signaled in January that he intended to <span><u>take control<\/u><\/span> of Venezuela\u2019s oil reserves, which are among the largest in the world, days after an American military operation captured then-President Nicol\u00e1s Maduro and his wife at their compound in Caracas.<\/p>\n<section>\n<div>\n<h2>\n<span>Trending<\/span>\n<\/h2>\n<\/div>\n<div>\n<div>\n<ul>\n<li>\n<div>\n<div>\n<div>\n<div>\n\n<figure class=\"wp-block-image size-large\">\n<figure class=\"wp-block-image size-medium_large\"><img loading=\"lazy\" decoding=\"async\" alt=\"Burgum\" class=\"wp-image-3118\" height=\"506\" src=\"https:\/\/modernhomejournals.com\/wp-content\/uploads\/2026\/08\/d7b533497f5a2b88073ac38e5e25d585-768x506.jpg\" width=\"768\" srcset=\"https:\/\/modernhomejournals.com\/wp-content\/uploads\/2026\/08\/d7b533497f5a2b88073ac38e5e25d585-768x506.jpg 768w, https:\/\/modernhomejournals.com\/wp-content\/uploads\/2026\/08\/d7b533497f5a2b88073ac38e5e25d585-300x198.jpg 300w, https:\/\/modernhomejournals.com\/wp-content\/uploads\/2026\/08\/d7b533497f5a2b88073ac38e5e25d585.jpg 1024w\" sizes=\"auto, (max-width: 768px) 100vw, 768px\" \/><\/figure>\n<\/figure>\n\n<\/div>\n<\/div>\n<\/div>\n<div><h3>\n<span>\n                      Trump Is Quietly Working to Give Part of Yosemite to a Private Developer\n                    <\/span>\n<\/h3><\/div>\n<\/div>\n<\/li>\n<li>\n<div>\n<div>\n<div>\n<div>\n\n<figure class=\"wp-block-image size-large\">\n<figure class=\"wp-block-image size-medium_large\"><img loading=\"lazy\" decoding=\"async\" alt=\"US Department of the Treasury\" class=\"wp-image-2969\" height=\"512\" src=\"https:\/\/modernhomejournals.com\/wp-content\/uploads\/2026\/08\/48ba3e51a27a513915112940936f59ad-768x512.jpg\" width=\"768\" srcset=\"https:\/\/modernhomejournals.com\/wp-content\/uploads\/2026\/08\/48ba3e51a27a513915112940936f59ad-768x512.jpg 768w, https:\/\/modernhomejournals.com\/wp-content\/uploads\/2026\/08\/48ba3e51a27a513915112940936f59ad-300x200.jpg 300w, https:\/\/modernhomejournals.com\/wp-content\/uploads\/2026\/08\/48ba3e51a27a513915112940936f59ad.jpg 1024w\" sizes=\"auto, (max-width: 768px) 100vw, 768px\" \/><\/figure>\n<\/figure>\n\n<\/div>\n<\/div>\n<\/div>\n<div><h3>\n<span>\n                      Billionaire\u2019s WSJ Op-Ed Criticizing Bessent Was Written With AI\n                    <\/span>\n<\/h3><\/div>\n<\/div>\n<\/li>\n<li>\n<div>\n<div>\n<div>\n<div>\n\n<figure class=\"wp-block-image size-large\">\n<figure class=\"wp-block-image size-medium_large\"><img loading=\"lazy\" decoding=\"async\" alt=\"U.S. Ambassador to Belgium Bill White\" class=\"wp-image-3174\" height=\"512\" src=\"https:\/\/modernhomejournals.com\/wp-content\/uploads\/2026\/08\/2f000808512bb9249007887a932bc3fd-768x512.jpg\" width=\"768\" srcset=\"https:\/\/modernhomejournals.com\/wp-content\/uploads\/2026\/08\/2f000808512bb9249007887a932bc3fd-768x512.jpg 768w, https:\/\/modernhomejournals.com\/wp-content\/uploads\/2026\/08\/2f000808512bb9249007887a932bc3fd-300x200.jpg 300w, https:\/\/modernhomejournals.com\/wp-content\/uploads\/2026\/08\/2f000808512bb9249007887a932bc3fd.jpg 1024w\" sizes=\"auto, (max-width: 768px) 100vw, 768px\" \/><\/figure>\n<\/figure>\n\n<\/div>\n<\/div>\n<\/div>\n<div><h3>\n<span>\n                      Belgium Summons U.S. Ambassador Over a Social Media Post\n                    <\/span>\n<\/h3><\/div>\n<\/div>\n<\/li>\n<li>\n<div>\n<div>\n<div>\n<div>\n\n<figure class=\"wp-block-image size-large\">\n<figure class=\"wp-block-image size-medium_large\"><img loading=\"lazy\" decoding=\"async\" alt=\"National Guard soldiers keep watch as people walk at Union Station.\" class=\"wp-image-3175\" height=\"512\" src=\"https:\/\/modernhomejournals.com\/wp-content\/uploads\/2026\/08\/339b1828a067c7d3311f51438ce5b980-768x512.jpg\" width=\"768\" srcset=\"https:\/\/modernhomejournals.com\/wp-content\/uploads\/2026\/08\/339b1828a067c7d3311f51438ce5b980-768x512.jpg 768w, https:\/\/modernhomejournals.com\/wp-content\/uploads\/2026\/08\/339b1828a067c7d3311f51438ce5b980-300x200.jpg 300w, https:\/\/modernhomejournals.com\/wp-content\/uploads\/2026\/08\/339b1828a067c7d3311f51438ce5b980.jpg 1024w\" sizes=\"auto, (max-width: 768px) 100vw, 768px\" \/><\/figure>\n<\/figure>\n\n<\/div>\n<\/div>\n<\/div>\n<div><h3>\n<span>\n                      DHS Memo Sought to Deputize National Guard for Immigration Arrests\n                    <\/span>\n<\/h3><\/div>\n<\/div>\n<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/section>\n<p>On Friday, Trump said the deal \u2014 which he deemed the \u201cbiggest oil deal in world history\u201d \u2014 would help set Venezuela \u201con a course toward Tremendous Success and Great Prosperity.\u201d Secretary of State Marco Rubio and Defense Secretary Pete Hegseth worked with Rodr\u00edguez through a partnership with private businesses to secure the agreement, Trump said.<\/p><p>Read more <a href=\"https:\/\/modernhomejournals.com\/?p=3166\">National Park Service Green-Lights Trump\u2019s Arch<\/a><\/p><p>Rodr\u00edguez, Maduro\u2019s former vice president who has led Venezuela since his capture, <span><u>confirmed<\/u><\/span> the agreement in a statement posted to the messaging platform Telegram.<\/p><p>\u201cThese investments will contribute not only to the recovery and modernization of our industry, but also to our country\u2019s economic growth, the energy security of our hemisphere, and greater balance in international markets,\u201d Rodr\u00edguez said.<\/p><p>Democrats on the Senate Foreign Relations Committee said the deal demonstrated that Trump\u2019s true intentions for ousting Maduro, who is in federal custody on narcoterrorism charges, were to retain control of oil reserves. <\/p><p>\u201cLet\u2019s be clear: this isn\u2019t a win,\u201d Sen. Chris Van Hollen (D-Maryland) wrote on <span><u>X<\/u><\/span>. \u201cThis is proof Trump put our service members at risk to get Venezuelan oil for his billionaire buddies. Putting our soldiers\u2019 lives on the line for private profit is a gross dereliction of his constitutional duty.\u201d<\/p><p>Read more <a href=\"https:\/\/modernhomejournals.com\/?p=3164\">ICE Detains Far-Right Commentator Milo Yiannopoulos<\/a><\/p><p><i>This story was updated to include Democrats\u2019 opinions on the deal.<\/i><\/p>\n<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>Negotiations between the two countries began shortly after U.S. forces captured then-President Nicol\u00e1s Maduro in January.<\/p>\n","protected":false},"author":1,"featured_media":3171,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[],"class_list":["post-3176","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-foreign-policy"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Trump Announces Agreement to Partially Control Venezuela\u2019s Oil Reserves - 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