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Trump says US has entered deal with Venezuela to take control of 65 billion barrels of oil reserves
Summary by The Woodlands Editorial Desk ABC13 Houston
· August 28, 2026
· 1 min read
Photo: ABC13 Houston · view original
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Summary created by The Woodlands Editorial Desk — automated, rule-governed Published by ABC13 Houston Original story Read at the source Source published Aug 28, 2026 AI assistance Automated summary drawn from the source’s own published text Prepublication human review No — editorial rules, flagged-item review, and published samples
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Key takeaway The amount of oil reserves in question is 65 billion barrels.
President Trump announced that the US has entered an agreement with Venezuela. The agreement involves taking control of a significant portion of Venezuela's oil reserves. The amount of oil reserves in question is 65 billion barrels.
Further details of the agreement are available from the source. The terms of the deal and its implications have not been fully outlined in the initial announcement. The source provides more information on this development, which can be consulted for a more comprehensive understanding of the agreement and its potential consequences.
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ABC13 Houston reported and published this story. The Woodlands selected it, summarised the key facts above, and links to the original. We did not report this story and we added no reporting of our own to it.
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For the complete original report, visit ABC13 Houston . Have a tip or correction? Contact the editor .
Category: News Published: August 28, 2026 Source: ABC13 Houston Reading time: 1 min
Frequently asked about this story
What is this story about? President Trump announced that the US has entered an agreement with Venezuela. The agreement involves taking control of a significant portion of Venezuela's oil reserves. The amount of oil reserves…
When was this published? This article was first published on August 28, 2026 by ABC13 Houston and curated for The Woodlands readers.
Who reported this story? This story was reported by ABC13 Houston. To learn more about how The Woodlands selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more News coverage from The Woodlands, or browse our daily briefing and topic hubs .
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