Trump squeezes Venezuela: US controls 65 million barrels. So we will reduce the price of gasoline for the American people
The article reports on an agreement between the United States and Venezuela under which the U.S. gains control over 65 million barrels of oil, approximately 20% of Venezuela's total reserves. This includes a majority stake in the production of seventeen currently operational oil fields through a joint venture based in Caracas. President Donald Trump described the deal as the largest oil agreement in history, claiming it would increase U.S. oil supplies and reduce gasoline prices for American citizens. The agreement comes amid concerns over the Strait of Hormuz crisis affecting global energy markets. Venezuelan President Nicolás Maduro had previously warned of U.S. intentions to seize Venezuela’s vast oil reserves. In response, Venezuela’s interim president, Delcy Rodríguez, praised the agreement, though government sources downplayed U.S. influence by stating the oil fields remain Venezuelan property. The U.S. has already begun easing restrictions on transactions with state-owned oil company PDVSA and is preparing for increased foreign investment from companies like Chevron and Halliburton.
The United States has secured control over more than 65 billion barrels of Venezuelan oil reserves through a major agreement with the South American nation, according to statements made by U.S. President Donald Trump on his social media platform, Truth Social. The deal, described by Trump as the largest petroleum agreement in world history, grants the U.S. a majority stake in the exploitation of these resources, which represent approximately 20 percent of Venezuela’s total reserves. This arrangement involves a joint venture and a local company based in Caracas, though its identity has yet to be disclosed. According to Trump, the agreement will significantly increase U.S. oil supplies and reduce gasoline prices for Americans in the long term. The agreement was reached after months of negotiations, culminating in late 2025. Discussions began in April 2025 and were finalized following failed attempts to exile President Nicolás Maduro. The talks took place at the Four Seasons Hotel in Caracas under the mediation of Tamin bin Hamad Al Thani, who became the first to receive a call from Delcy Rodríguez, the interim president of Venezuela, after the alleged coup orchestrated by the CIA. Rodríguez reportedly agreed to facilitate a transition of power in exchange for U.S. support and access to the country's vast oil reserves. The deal allows for a 100-year concession period for private companies to exploit the oil fields, with the U.S. holding a 55 percent share of the effective production output. Venezuela’s interim president, Delcy Rodríguez, expressed gratitude for the agreement, calling it a historic milestone that includes a total investment of $309 billion. However, government officials have attempted to downplay concerns about losing control of their resources, emphasizing that the oil fields remain technically owned by Venezuela. Despite this, the move signals a shift in Venezuela’s energy policy, with reports suggesting the country might consider leaving OPEC to strengthen economic ties with the U.S. U.S. Energy Secretary Chris Wright is set to visit Caracas soon, and the Office of Foreign Assets Control within the Treasury Department has issued eight new general licenses related to hydrocarbons, mining, and telecommunications. These measures mark a departure from years of restrictions on transactions involving Petróleos de Venezuela (Pdvsa), allowing renewed trade in petroleum products and other goods. Major U.S. oil companies such as Chevron, Halliburton, and Hunt Oil are poised to make substantial investments in Venezuela, according to the Wall Street Journal. The agreement comes amid growing geopolitical tensions and energy market volatility. Trump highlighted the strategic importance of the deal, stating it would help counterbalance the impact of the Hormuz crisis on global oil markets. He emphasized that the transaction would cost nothing to U.S. taxpayers, with the potential benefits including increased domestic oil supplies and lower fuel prices for American consumers. In response to the announcement, Senator Marco Rubio hailed the agreement as a significant victory for both the American people and Venezuela. He noted that the deal would bring nearly $100 billion in private investment to Venezuela, create thousands of well-paying jobs, and aid in the reconstruction of the country’s economy. The U.S. State Department echoed these sentiments, expressing confidence that the partnership would foster mutual prosperity and stability. Meanwhile, Venezuela’s official stance remains cautious, with some officials indicating that the country could explore alternatives to OPEC membership to deepen its economic relationship with the U.S. The situation underscores the complex interplay of political, economic, and strategic interests driving international relations in the energy sector. As the new arrangements take shape, the focus will shift toward implementing the terms of the agreement and managing the broader implications for regional dynamics and global energy markets.
3 reports
la RepubblicaIndependent🔒CenterFactual 85Objective 708/29/2026
The Italian newspaper La Repubblica reports on Italy's increased oil reserves through agreements with Venezuela, citing Reuters. The U.S. White House has announced this development as a 'historic agreement,' but critics have labeled it a 'colonial act.' ENI, Italy's major energy company, stated it would contribute to revitalizing the sector. The article highlights the geopolitical implications of this move, noting both support and criticism from different quarters.
Bias read (Center): The article presents multiple perspectives, including the U.S. White House's endorsement, criticisms from unnamed detractors, and ENI's statement. It does not exhibit strong ideological framing, loaded language, or one-sided sourcing. The content remains balanced in its presentation of viewpoints.
Why factuality (85): The article references a Reuters report and mentions the White House announcing an 'historic agreement' regarding Venezuelan oil reserves, as well as Eni's involvement. These claims align with the general consensus found in other articles covering the same event, though some details like the exact n
Why objectivity (70): The article uses phrases such as 'un atto coloniale' ('a colonial act') which introduces a critical perspective, suggesting a potential bias. While it does cite sources like Reuters and mention Eni’s position, the overall tone leans slightly toward criticism of U.S. actions, reducing its neutrality.
la RepubblicaIndependent🔒ConservativeFactual 85Objective 708/28/2026
The article reports on a major oil agreement between the United States and Venezuela, announced by President Donald Trump. According to Trump, the deal allows the U.S. to control over 65 billion barrels of Venezuelan oil reserves, which he claims will double American oil reserves and significantly lower fuel prices for Americans in the long term. The agreement was preceded by U.S. actions against Venezuelan President Nicolás Maduro in January and the licensing of five major oil companies, including Eni, to operate in Venezuela. The new pact grants the U.S. 55% of output from a private joint venture, which is described as the second-largest private oil company by reserves globally. The U.S. Secretary of State, Mike Pompeo, called the agreement a 'great victory' for both nations, stating it would bring nearly $100 billion in private investments to Venezuela and support thousands of well-paying jobs.
Bias read (Conservative): The article frames the U.S.-Venezuela oil agreement as a significant and positive development for America, emphasizing economic benefits such as increased oil reserves, reduced fuel prices, and substantial investment. The language used is highly favorable toward the U.S. intervention and portrays it
Why factuality (85): The article reports on an agreement between the US and Venezuela regarding oil reserves, citing Trump’s statements from his platform. It references the capture of Maduro, licensing of companies like Eni, and mentions a joint venture with a 55% share. While these details align with public statements
Why objectivity (70): The tone is somewhat promotional, especially in quoting Trump’s positive remarks about the deal as 'the biggest in history.' There is a focus on American gains and benefits, while the Venezuelan perspective is underrepresented. The language leans toward framing the agreement as beneficial to the US,
The article reports on an agreement between the United States and Venezuela under which the U.S. gains control over 65 million barrels of oil, approximately 20% of Venezuela's total reserves. This includes a majority stake in the production of seventeen currently operational oil fields through a joint venture based in Caracas. President Donald Trump described the deal as the largest oil agreement in history, claiming it would increase U.S. oil supplies and reduce gasoline prices for American citizens. The agreement comes amid concerns over the Strait of Hormuz crisis affecting global energy markets. Venezuelan President Nicolás Maduro had previously warned of U.S. intentions to seize Venezuela’s vast oil reserves. In response, Venezuela’s interim president, Delcy Rodríguez, praised the agreement, though government sources downplayed U.S. influence by stating the oil fields remain Venezuelan property. The U.S. has already begun easing restrictions on transactions with state-owned oil company PDVSA and is preparing for increased foreign investment from companies like Chevron and Halliburton.
Bias read (Conservative): The article frames the U.S.-Venezuela oil agreement as a strategic victory for the U.S., emphasizing economic benefits such as reduced gasoline prices and increased oil supply. It highlights Trump’s rhetoric around the deal as a major historical achievement, aligning with conservative narratives ofU
Why factuality (84): This article also discusses the US-Venezuela oil agreement, referencing Trump’s statement about controlling 65 billion barrels and the 55% share. It includes quotes from officials and mentions the investment figure of $309 billion. These claims are consistent with other reports and public statements
Why objectivity (68): The article uses more critical language, such as 'spreme il Venezuela' (squeeze Venezuela) and refers to the agreement as a political move to counteract energy market issues. This introduces a slightly negative tone towards the US action. While it does mention the Venezuelan government’s response, i
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