Fact-check · Sep 22, 2026 · Donald Trump
“We signed the largest oil deal in history covering 65,000,000,000 barrels of oil”
MISLEADINGSaid in 4 broadcasts
What the record shows
US-Venezuela agreement announced August 2026 covers development of 17 oil fields with proven reserves of 65 billion barrels. No barrels have been transferred; this is a reserve development agreement, not a completed transaction.
Sources
- Trump says U.S. has entered deal with Venezuela to take control of 65 billion barrels of oil reserves : NPR
- Venezuela and US sign oil deal for 65 billion barrels
- US strikes deal to control 65 billion barrels of Venezuela's oil reserves, Trump says | Euronews
- Trump announces deal with Venezuela to secure more than 65 billion barrels of oil reserves
- U.S. has entered deal with Venezuela to take control of 65 billion barrels of oil reserves, Trump says
- Trump announces ‘biggest oil deal in world history’ with Venezuela | Donald Trump News | Al Jazeera
From: President Trump Delivers Remarks to the United Nations General Assembly
Every time it was said
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