Amid high gas prices and shrinking crude stockpile, Trump says U.S. to take control of 65 billion barrels of Venezuelan oil reserves

Fortune•Fri, Aug 28, 2026, 11:29 PM•2 min read

Venezuela has one of the largest oil reserves in the world, with an estimated 303 billion barrels of crude oil in the ground.

Source: [Fortune](https://fortune.com/2026/08/28/trump-us-control-65-billion-barrels-venezuelan-oil-reserves/)

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