Interim President Rodriguez hails 25-year US energy pact to boost oil output , defend sovereignty

In Venezuela, on 30 August 2026, interim President Delcy Rodríguez said the energy deal with the United States will remain in effect for 25 years. She said Venezuela keeps ownership and sovereignty over its oil resources, and she defended the 'endless' benefits of her oil deal with Trump. The Jerusalem Post describes the pact as meant to boost oil output.

On the US side, Handelsblatt and Die Zeit report that Trump wants to fill US strategic reserves with Venezuelan oil, and Der Standard writes that he promises cheap gasoline. Al Arabiya reports that raising Venezuela's oil output requires large investments over four years, and Folha de S.Paulo reports that Trump's oil partnership in Venezuela depends on a controversial businessman.