An article summarized by Axios:

The Trump administration is reportedly in talks with Venezuela’s interim government over a potentially historic deal that would give the United States an ownership stake in some of Venezuela’s massive oil resources. The agreement could involve more than a dozen productive oil fields and is being driven in part by concerns about global oil disruptions from the wars in Iran and Ukraine, as well as the historically low level of the U.S. Strategic Petroleum Reserve.

Under the proposed arrangement, the U.S. would gain an ownership interest in Venezuelan oil fields, while Venezuela would benefit from investment and development by private companies, including American firms. The fields under discussion reportedly contain around 90 million barrels of proven reserves and include assets previously controlled by Venezuelan insiders and interests connected to China. Officials argue the deal could increase oil production and generate additional revenue for Venezuela.

The negotiations are reportedly being led by Secretary of State Marco Rubio and Venezuela’s acting president, Delcy Rodriguez, with Stephen Miller also playing a major role. President Trump has reportedly viewed the potential agreement as part of his broader push for American energy security and influence in the Western Hemisphere. The timing of a final deal remains unclear, but Energy Secretary Chris Wright is expected to discuss plans to increase Venezuelan oil production with U.S. companies.

For the article: https://www.axios.com/2026/08/27/trump-venezuela-oil-deal-talks