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POLITICS ·UNITED STATES ·August 30, 2026

Donald Trump: "historic transaction [that] more than doubles American oil reserves … while…"

“historic transaction [that] more than doubles American oil reserves … while helping to continue to set Venezuela on a course toward Tremendous Success and Great Prosperity”
— Donald Trump, President

Reported August 30, 2026 by theguardian.com. Checked word for word against that report.

✦ Summary · August 30, 2026 AI-written summary of the news — not a direct quote

After President Trump announced a sweeping U.S.–Venezuela oil agreement, Venezuela’s acting leader Delcy Rodríguez publicly defended it, insisting her country would keep ownership of its reserves. Rodríguez, who took office after Trump ordered Nicolás Maduro’s capture in January, said in a televised address that the deal would fund development and turn Venezuela into an energy power. Trump had praised the arrangement as an extraordinary expansion of U.S. oil holdings and a benefit to Venezuela’s future, and said he would refill U.S. strategic reserves. Details remain limited, but reports say Washington would gain control of 65 billion barrels. The pact has drawn anger from opposition figures and left-wing protesters, who call it a colonial-style giveaway.

1 source on record