Venezuela Announces 25-Year US Energy Deal

Venezuela's interim president, Delcy Rodriguez, announced on Saturday, August 29, 2026, that her government has secured a 25-year energy agreement with the United States, a deal she described as historic and essential for reviving the nation's battered oil industry. The agreement, which follows an announcement by U.S. President Donald Trump on Friday, August 28, grants American interests majority control over 65 billion barrels of Venezuela's proven oil reserves. Rodriguez emphasized that Venezuela retains ownership and sovereignty over its natural resources, a point she reiterated in a televised address on state broadcaster VTV.