Trump says U.S. has entered deal with Venezuela to take control of 65 billion barrels of oil reserves

What the report says

President Donald Trump said his administration has reached an agreement with Venezuela that would give the United States access to the country’s large untapped oil reserves, according to NPR World. The reporting says the deal is described as sweeping and involves Venezuela’s estimated 65 billion barrels of oil, though the source material does not provide the full terms of the arrangement.

The development centers on the Trump administration and Venezuela, a major oil-producing nation whose reserves have long drawn international attention. NPR’s summary indicates the arrangement would come “at cost,” but the available excerpt does not explain the financial, political, or legal details behind that description.

Because the full article text was not available, only limited context can be confirmed from the supplied evidence. In general, any U.S. move to secure greater access to Venezuelan oil would matter for global energy markets, sanctions policy, and Washington’s broader relationship with Caracas, but those implications go beyond what is explicitly stated in the source snippet.

The article appears to focus on the announcement itself rather than on implementation, timing, or responses from Venezuelan officials. Further reporting would be needed to clarify what the agreement covers, how control over the reserves would work, and whether either side has formally described the deal in public.