US-Venezuela Tensions

US president says deal secures majority US control of more than 65 billion barrels of proven oil reserves in Venezuela.

The United States has struck a deal with Caracas that would give them control of some 65 billion barrels of Venezuela’s proven oil reserves, President Donald Trump has announced, while reviving the OPEC nation’s battered energy industry.

In a post on Truth Social, Trump said the “historic transaction more than doubles American oil reserves” and “will substantially lower gas prices for all Americans”.

“At my direction, Secretary of State Marco Rubio, and Secretary of War Pete Hegseth, working closely with Highly Respected Interim President of Venezuela, Delcy Rodriguez, and, through a partnership with private business, have secured majority US control of more than 65 BILLION BARRELS of proven Oil Reserves in Venezuela, at no cost to the American Taxpayer,” Trump wrote.

Venezuela’s interim President Delcy Rodriguez welcomed the deal, which is expected to bring about $209bn to the state’s treasury.

The announcement followed weeks of negotiations over an agreement that would give American companies long-term access to a group of Venezuelan oilfields and guarantee the resulting crude supply to the US.

Venezuelan officials are preparing to sign agreements next week granting new oil exploration and production rights to a number of companies, particularly US firms.

Sources previously told Reuters news agency that a lease model was under consideration, with fields potentially auctioned to US producers, but the arrangement could face legal and constitutional challenges in Venezuela, where the state retains control over core oil industry activities.

The new deal would represent a dramatic expansion of Washington’s role in Venezuela’s oil industry as the Trump administration seeks to revive the country’s production and secure more crude for US refineries. Venezuela holds the world’s largest proven oil reserves, but produces only 1.25 million barrels per day, far below its potential after years of underinvestment, mismanagement and sanctions.

Trump did not disclose the structure of the agreement, the fields or companies involved, nor how the US would exercise majority control over the reserves.

Secretary of State Marco Rubio described the agreement as a win for both countries, saying on X that it would secure stable, low-cost oil for the US and help lower petrol prices.

For Venezuela, Rubio said the deal would bring nearly $100bn in private investment, support thousands of high-paying jobs and help rebuild the country’s economy.

Members of the US Congress have called for a probe into conditions amid reports of sailors attempting to jump ship.

United States President Donald Trump has dismissed concerns about conditions on board the USS Abraham Lincoln during its lengthy deployment as part of the US-Israel war with Iran.

Speaking to reporters on Friday, Trump rejected the assertion that the families of those on board the aircraft carrier are worried about their loved ones. “No, they’re not,” Trump said.

When asked if the aircraft carrier had been deployed too long, Trump replied: “No, no, no, not nearly enough.”

His remarks follow a series of reports this week, documenting supply shortages and mental health strain on the USS Abraham Lincoln. That includes accounts of individuals attempting to jump from the ship.

The aircraft carrier left in November from a base in San Diego, California, and it has since been involved in January’s military operation against Venezuela and, more recently, the war against Iran.

Its deployment was expected to end in May, but that timeframe has been extended. It has spent more than 250 days at sea without a port stop, setting a record for the US Navy. More than 5,000 sailors and Marines are housed on board.

Several US lawmakers have since called for an inquiry into conditions on board the ship. One Democratic senator, Ruben Gallego, has also called on the Navy to allow a bipartisan delegation to visit the ship to assess the state of affairs.

Still, the Trump administration has repeatedly denied worsening conditions on the USS Abraham Lincoln.

On Friday, a US official told Al Jazeera the Navy had “not observed an increase in suicidal ideations or attempts aboard the ship”.

The official added that there were five chaplains, one psychologist, one social worker, three “behavioral health technicians”, and one “embedded integrated prevention coordination (EIPC) counselor” on board the vessel. There is also an emotional support dog on board.

‘What military objective?’

While Trump downplayed the length of the deployment, he did confirm reports that the aircraft carrier will be swapped out in the near future.

“That ship is moving right now or very shortly, and it’s being replaced with another very similar ship,” Trump said on Friday.

In a letter to Secretary of Defense Pete Hegseth earlier this week, Senator Richard Blumenthal, a Democrat, asked for information on conditions on the boat, including what metrics the Navy was using to measure the mental health of the crew.

“What military objective is the continued deployment of the Lincoln intended to achieve in Iran, and how does the Department assess whether the carrier’s continued presence is necessary to accomplish that objective?” he asked.

The focus on conditions aboard the USS Abraham Lincoln come as diplomatic efforts to end the US-Israeli war in Iran show no signs of breakthrough. The war began with a US and Israel-led offensive on February 28.

In June, the US and Iran signed a memorandum of understanding (MoU) that called for an immediate pause to the fighting.

But last month, the memorandum collapsed amid a dispute over the Strait of Hormuz, a key waterway for trade.

The subsequent escalation saw the US re-impose its naval blockade on Iranian ports and Iran constrict traffic through the strait once more.

Iran has since focused its diplomatic efforts on reaching an agreement with Oman over travel routes in the waterway, which is a key artery for oil, natural gas, fertiliser and other goods.

President Donald Trump has posted a video of a ‘swift and lethal’ US strike he claims has killed the leader of Venezuela’s Tren de Aragua gang. Trump said Venezuela helped the US with the strike on Hector Rusthenford Guerrero Flores.