GS-2News & Analysis29 August 2026thehindu.com

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

Former U.S. President Donald Trump announced an agreement between the United States and Venezuela for the U.S. to take control of 65 billion barrels of Venezuela's oil reserves. He stated the deal was negotiated by U.S. Secretary of State Marco Rubio, Defence Secretary Pete Hegseth, and Venezuela’s interim President Delcy Rodriguez, calling it 'THE BIGGEST OIL DEAL IN WORLD HISTORY!'.

Former U.S. President Donald Trump announced an agreement between the United States and Venezuela for the U.S. to take control of 65 billion barrels of Venezuela's oil reserves. He stated the deal was negotiated by U.S. Secretary of State Marco Rubio, Defence Secretary Pete Hegseth, and Venezuela’s interim President Delcy Rodriguez, calling it 'THE BIGGEST OIL DEAL IN WORLD HISTORY!'.

Exam linkage

GS Paper 2: International Relations - Bilateral, regional and global groupings and agreements involving India and/or affecting India’s interests; Effect of policies and politics of developed and developing countries on India’s interests.

Syllabus mapping

International RelationsGeopolitics & International ConflictsFederal StructureBilateral Regional Groupings

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