Developing storyline

Trump administration's Venezuelan oil push and calls for elections

The Trump administration pursues a major deal for U.S. ownership stakes in Venezuela's oil fields to bolster reserves, unveiling a 25-year-plus public-private pact for majority control of output, as lawmakers like Ted Cruz link the effort to calls for free elections and official…

8 stories950 sourcesUpdated Sep 9, 2026

In this storyline:Donald John Trump Marco Rubio Nicholas Maduro Venezuelan Ted Cruz Colombian Global strategic petroleum reserves Keiko Fujimori

Trump administration's Venezuelan oil push and calls for elections — Photo: David Brown / Wikimedia Commons (Pexels)

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Sep 9, 5 AMdots mark key developments · hover for any hourSep 11, 7 AM

Key developments

Aug 31, 2026
The U.S. is in talks to acquire ownership stakes in more than a dozen Venezuelan oil fields, aiming to boost reserves as the Strategic Petroleum Reserve falls to a 40-year low.
693 sources on this →
Aug 30, 2026
Sen. Ted Cruz calls for free and fair Venezuelan elections by 2027 while endorsing President Trump's oil agreement as mutually reinforcing goals.
6 sources on this →
Sep 1, 2026
An analyst breaks down the significant challenges the U.S. will face in trying to unlock and develop Venezuela's oil fields.
6 sources on this →
Sep 8, 2026
The U.S. moves to take majority control of Venezuela's oil output via a 25-year-plus public-private deal tied to 65 billion barrels of proven reserves, projecting over $100 billion in private investm…

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Stories in this storyline

Finance

Energy secretary predicts gas prices will fall despite record Labor Day costs

Gasoline prices are expected to ease as the summer driving season ends and refinery output is boosted, despite ongoing tensions in the Middle East and related supply concerns. The Trump administration is pursuing higher production and strategic moves, including a deal on Venezuelan oil reserves, to lower U.S. fuel costs even as market volatility persists.

97 sources

White House details 100-year deal for U.S. firm in Venezuela's oil fields

6 sources

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Rubio to visit Colombia, Ecuador and Peru as U.S. deepens regional ties

U.S. Secretary of State Marco Rubio will travel to Colombia, Ecuador and Peru to strengthen partnerships, discuss drug-trafficking cooperation, and expand trade with leaders seen as close to President Trump amid broader U.S. involvement in the region. The trip follows recent Venezuelan oil-for-security moves and highlights Washington's engagement with new Latin American administrations, including Colombia’s Abelardo de la Espriella, Peru’s Keiko Fujimori, and Ecuador’s Daniel Noboa.

12 sources

World

Rubio to Meet Leaders in Colombia, Ecuador and Peru

U.S. Secretary of State Marco Rubio began a Latin America tour—visiting Colombia, Ecuador, and Peru—to bolster pro-U.S. governments, deepen security cooperation against narcoterrorism, and discuss reconstruction aid after recent earthquakes, as newly elected right-wing leaders align with Washington. The trip signals a broader push under the Donroe Doctrine to expand American influence, expand trade, and coordinate military and counter-narcotics actions, despite criticisms of aggressive strikes and human rights concerns.

5 sources

World

Rubio promises security cooperation to Colombia's new president

5 sources

World

Chevron Leads Venezuelan Oil Expansion Under US Backing

The United States will take majority control of Venezuela’s oil output through a 25-year-plus public-private deal tied to 65 billion barrels of proven reserves, a plan Trump heralds as a historic boost to U.S. energy security. Venezuela promises sovereignty and sizable potential revenues, with projections of over $100 billion in private investment and more than $200 billion in state tax revenue, while critics question authorities, terms, and long-term implications.

126 sources

World

Trump Seeks U.S. Control of Venezuelan Oil

The United States, under the current president, is in talks to acquire ownership stakes in Venezuela’s oil fields, potentially involving more than a dozen fields and a deal described as massive. The effort would significantly boost U.S. oil reserves and energy security as the Strategic Petroleum Reserve falls to a 40-year low and global supplies face disruptions.

693 sources

Politics

Cruz Calls for Venezuela Elections by 2027

Ted Cruz urged free and fair elections in Venezuela, proposing deadlines around mid-next year, and endorsed President Donald Trump’s historic oil agreement, arguing both should advance in parallel as the deal could boost the U.S. economy and energy security.

6 sources