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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 Piney Point Editorial Desk KTRK , as published by ABC13 Houston (KTRK)
· August 28, 2026
· 1 min read
Photo: ABC13 Houston (KTRK) · view original
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Summary created by The Piney Point Editorial Desk — automated, rule-governed Byline on source page KTRK, as published by ABC13 Houston (KTRK) Original story Read at the source Source published Aug 28, 2026 Indexed here Aug 29, 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 points According to President Trump, the amount of oil reserves in question is 65 billion barrels. President Trump announced that the US has entered an agreement with Venezuela.
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. According to President Trump, the amount of oil reserves in question is 65 billion barrels.
Further details of the agreement are not specified in the initial announcement. The terms and implications of the deal are not clear at this time. For more information on the agreement and its potential impact, further details are available from the source.
The announcement was made by President Trump on Friday.
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ABC13 Houston (KTRK) reported and published this story. The Piney Point 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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Category: News Published: August 28, 2026 Source: ABC13 Houston (KTRK) 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. According to President…
When was this published? This article was first published on August 28, 2026 by ABC13 Houston (KTRK) and curated for The Piney Point readers.
Who reported this story? This story was reported by KTRK at ABC13 Houston (KTRK). To learn more about how The Piney Point selects and reviews stories, see our editorial standards .
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