United States: Trump claims to hold over 60% of the world's oil due to agreement with Venezuela

Author: Francis NoudePublished on: September 23, 2026Country: United States
PoliticsBusiness & Economy
United States: Trump claims to hold over 60% of the world's oil due to agreement with Venezuela

Donald Trump stated that the United States and Venezuela hold over 60% of the world's oil during his speech at the UN. This statement follows an agreement granting Washington control over 17 Venezuelan oil fields, estimated at 65 billion barrels. However, data shows that the actual share of global oil reserves for both countries is around 21.9%. The agreement could attract over $100 billion in private investment for Venezuela.

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