Pentagon Takes Ownership Stake in Private Venezuelan Oil Company
Bloomberg reported on September 10, 2026 that the Pentagon is taking an ownership stake in a private Venezuelan oil company. President Trump characterized the deal as “the biggest oil deal in world history”; the report did not disclose the company, stake size, or final transaction terms.
The direct Bloomberg-sourced report explicitly states that the Pentagon is taking an ownership stake in a private Venezuelan oil company, making this a concrete and highly unusual geopolitical-energy action with potential implications for Venezuelan oil operations, U.S. policy, and future energy flows. The podcast framing and President Trump’s promotional characterization are not treated as separate developments. The source does not establish the company name, stake size, transaction structure, or closing, so those details are intentionally omitted; the timing is estimated from the report date and the status remains ongoing.
The Pentagon is taking a stake in a private Venezuelan oil company in what President Trump called “the biggest oil deal in world history.”