Fact-checking website examines Trumps claim about Venezuela and US oil

January 16, 2026 • Google News World

US President Donald Trump has made a claim that Venezuela “stole” U.S. oil. According to FactCheck.org, this statement is not supported by evidence.

Trump’s assertion appears to be related to the recent deal between the US and Venezuela regarding access to the country’s oil reserves. Al Jazeera reports that the agreement provides significant benefits for US refiners.

The details of the deal were first reported by CNN, which stated that the US is taking control of Venezuela’s oil reserves. Semafor also reported on an exclusive deal in which the US secured a $500 million Venezuelan oil deal, with some proceeds being held in Qatar.

It is worth noting that the specifics of the agreement and its implications for US-Venezuela relations are still unclear.

Source: Google News World