Trump Secures ‘Biggest Oil Deal in World History,’ More Than Doubles American Oil Reserves [WATCH]

President Donald Trump delivered a blockbuster energy announcement Friday evening, revealing an agreement between the United States and Venezuela that he described as “the biggest oil deal in world history.”

If completed as presented, the arrangement could dramatically expand American control over proven petroleum reserves while strengthening energy security and reducing pressure on consumers.

Trump announced the agreement in characteristically bold fashion: “BREAKING NEWS: The United States of America has just entered into an Agreement with the Country of Venezuela on, THE BIGGEST OIL DEAL IN WORLD HISTORY! At my direction, Secretary of State Marco Rubio, and Secretary of War Pete Hegseth, working closely with Highly Respected Interim President of Venezuela, Delcy Rodriguez, and, through a partnership with private business, have secured majority U.S. control of more than 65 BILLION BARRELS of proven Oil Reserves in Venezuela, at no cost to the American Taxpayer.”

The president continued: “This Historic Transaction MORE THAN DOUBLES American Oil Reserves, greatly increases our Oil Supply, and will substantially lower Gas Prices for all Americans, long into the future, while helping to continue to set Venezuela on a course toward Tremendous Success and Great Prosperity.”

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“This Transaction will greatly strengthen the already growing relationship between Venezuela and the United States!” Trump added.

He concluded: “Thank you for your attention to this groundbreaking matter. MAKE AMERICA GREAT AGAIN! President DONALD J. TRUMP”

The scale alone makes the announcement extraordinary.

Securing majority American control over more than 65 billion barrels, without charging taxpayers for the acquisition, would represent a massive strategic victory and another clear example of Trump using private investment and American leverage instead of another bloated government spending scheme.

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Secretary of State Marco Rubio also praised the agreement as a victory for citizens of both countries.

He said Trump’s foreign policy had secured stable reserves and affordable oil in the Western Hemisphere while creating the potential for nearly $100 billion in private investment and thousands of well paying jobs in Venezuela.

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Senator Bernie Moreno of Ohio similarly characterized the arrangement as beneficial to Americans and Venezuelans.

Supporters see an opportunity to redirect Venezuela’s vast resources away from hostile regimes and toward a partnership capable of producing economic stability, investment, and lower energy costs.

The contract itself has not yet been publicly released, leaving important questions about its structure and enforcement.

Proceeds from Venezuelan oil sales currently enter an account supervised by the United States Treasury, with Rubio and Treasury Secretary Scott Bessent controlling how funds are distributed.

Venezuela possesses the largest proven crude oil reserves in the world, estimated at roughly 303 to 304 billion barrels.

That figure represents about 19 percent of global reserves, giving the country enormous economic potential that decades of socialist corruption and authoritarian rule somehow managed to squander.

Venezuelan production once exceeded 3 million barrels per day, but years of neglect and political chaos devastated the industry.

Output averaged roughly 941,000 barrels per day in 2025 before recovering to approximately 1.23 million to 1.25 million barrels per day by late August 2026.

That recovery marked the highest production level since early 2019 and represented an increase of nearly 30 percent since January 2026.

Sanctions relief and reductions in the government’s share of certain projects, from approximately 83 percent to between 20 and 35 percent, helped make renewed production more attractive.

China became the leading buyer of Venezuelan oil under Nicolás Maduro, giving Beijing another foothold in America’s hemisphere.

The Maduro regime also sent discounted oil to Cuba in exchange for intelligence assistance, military training, and medical personnel drawn from the communist government’s forced labor system.

For Washington, the agreement offers an opportunity to weaken those relationships while placing a critical resource under greater American influence.

That is the sort of strategic foreign policy the political establishment regularly claimed was impossible, right up until Trump started pursuing it.

Still, Venezuelans have legitimate reasons to remain cautious about their immediate future.

Many continue facing blackouts, economic hardship, and deteriorating public services, while the earthquakes that struck in June added another painful burden to communities already exhausted by years of socialist mismanagement.

Many Venezuelans remain grateful to Trump, Rubio, and the United States for removing Maduro, but gratitude does not restore electricity or rebuild an economy overnight.

They want elections, competent leadership, and a clean break from the officials who helped preside over the country’s collapse.

Trump’s description of Delcy Rodriguez as “Highly Respected” may not sit well with Venezuelans eager to move beyond the old regime.

Diplomacy often requires uncomfortable language, however, and the real test will be whether this agreement produces freedom, investment, stable government, and tangible improvements.

The full details will determine whether the arrangement lives up to its historic billing.

For now, Trump has announced a potentially enormous America First energy victory that could lower prices, sideline hostile powers, and give Venezuela a genuine path out of the socialist wreckage left behind.

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