Trump Action Archive

Supporting reports

• Trump administration negotiates oil development deal with Venezuela through Pentagon office — The Trump administration announced a deal to develop Venezuela's oil resources through the Pentagon's Office of Strategic Capital, partnering with Venezuelan businessman Alejandro Betancourt López. The U.S. government would back development of a significant portion of Venezuela's proven oil reserves, with Betancourt's company leading operations. Trump claimed the arrangement gives the U.S. "majority control" over a large portion of the country's reserves, though details remain unclear and expected to evolve. Production timelines extend years into the future with minimal immediate impact on global commodity prices.
• Trump announced oil deal with Venezuela granting U.S. control of 65 billion barrels of proven reserves — Trump announced an agreement with Venezuela giving the United States majority control of more than 65 billion barrels of proven oil reserves "at no cost to the American Taxpayer." The deal involves a partnership between the U.S. government and private operator Alejandro Betancourt López, whose family controls Venezuela's second-largest private oil producer, North American Blue Energy Partners. The U.S. would control 55% of the venture's output. The administration has not disclosed the final terms, legal basis, or how proceeds will be distributed. An oil industry executive noted the deal is "built on a legal environment that does not exist," as Venezuela's constitution prohibits private ownership of oil and gas rights.

Supporting reports

• Wall Street Journal reports Witkoff, Kushner, and Dmitriev designed plan to create multibillion-dollar business opportunities in Russia and Ukraine — The Wall Street Journal reported that special envoy Steve Witkoff, Jared Kushner, and Kirill Dmitriev designed their peace plan to bypass U.S. national security officials and create opportunities for U.S. businessmen to win multibillion-dollar deals to develop energy and rare-earth minerals in Russia, Ukraine, and the Arctic. The plan would allow Moscow to reshape Europe's economic map while driving a wedge between America and its traditional allies.
• Ukraine peace negotiators met with US delegation led by Rubio, Witkoff, and Kushner — Ukraine's peace negotiators met with a US delegation led by Secretary of State Marco Rubio, special envoy Steve Witkoff, and Trump son-in-law Jared Kushner. The meeting followed Wall Street Journal reporting that Witkoff and Kushner had been privately meeting with Kirill Dmitriev, head of Russia's sovereign-wealth fund and Putin's negotiator, to chart plans for bringing Russia's economy back into the global system and enabling US companies to access frozen Russian assets and Arctic resources, with no explicit focus on Ukrainian sovereignty or security.
• Wall Street Journal exposed Witkoff and Kushner's private negotiations with Russian officials — The Wall Street Journal reported that Steve Witkoff and Jared Kushner met privately with Kirill Dmitriev, Putin's handpicked negotiator and head of Russia's sovereign-wealth fund, at Witkoff's Miami Beach estate to chart plans for reintegrating Russia's $2 trillion economy into global markets. The plan included US companies accessing roughly $300 billion in frozen Russian central bank assets, joint US-Russian Arctic mineral exploitation, and reconstruction contracts in Ukraine, with no apparent constraint on Russian military objectives.
• Trump administration negotiates Ukraine peace plan centered on U.S.-Russia business deals — The Wall Street Journal reported that the Trump administration's approach to Ukraine peace involves a Russian-led blueprint for joint U.S.-Russia economic cooperation, with contracts for rebuilding Ukraine, Arctic mineral extraction, and space exploration directed to favored U.S. and Russian businessmen, many with White House ties. Trump envoy Steve Witkoff stated the plan aims to create prosperity and prevent future conflicts through shared economic benefit.

Supporting reports

• SpaceX to Decommission Dragon Spacecraft — Elon Musk announced that SpaceX will begin decommissioning its Dragon spacecraft following President Trump's statement about canceling Musk's government contracts. The Dragon spacecraft is used to transport supplies to the International Space Station. This decision comes amid a public feud between Musk and Trump, with Musk criticizing the administration's budget and Trump threatening to terminate governmental subsidies and contracts with Musk's companies.
• Musk's Threat to Decommission SpaceX Spacecraft — In the ongoing public feud with President Trump, Elon Musk announced plans to decommission SpaceX's spacecraft that supply the International Space Station. This decision came after Trump suggested cutting Musk's government contracts, which are crucial for Musk's business operations. The conflict underscores the precarious relationship between private enterprises and government funding.
• Trump and Musk Public Dispute Over Government Contracts — In the ongoing public feud with President Trump, Elon Musk announced plans to decommission SpaceX's spacecraft that are responsible for supplying the International Space Station. This move came after Trump suggested cutting Musk's government subsidies and contracts, indicating a significant escalation in their conflict.
• Trump Suggests Terminating Musk's Government Contracts — President Donald J. Trump expressed disappointment in Elon Musk following Musk's public criticism of a spending bill Trump supports. Musk, who had invested heavily in Trump's 2024 campaign, threatened to decommission SpaceX's spacecraft that supply the International Space Station in response to Trump's suggestion to terminate Musk's government subsidies and contracts. The dispute highlights tensions between the two figures and the influence of money in politics.
• Musk threatens to decommission SpaceX spacecraft — President Donald J. Trump expressed disappointment in Elon Musk following Musk's public criticism of a congressional omnibus bill that Trump supports. Musk, who had invested heavily in Trump's 2024 campaign, threatened to decommission SpaceX's spacecraft that supply the International Space Station in response to Trump's suggestion to terminate Musk's government subsidies and contracts. The public feud highlights tensions between the two influential figures and their competing interests within the Republican Party.
• — President Trump suggested that the government could save billions by terminating Elon Musk's subsidies and contracts. This statement was made in the context of a public dispute between the two, following Musk's criticism of a spending bill Trump supports. The suggestion reflects the power dynamics at play in their relationship and the implications for government funding.
• — President Trump suggested that the government could save billions by terminating Elon Musk's subsidies and contracts, reflecting the contentious relationship between the two. This statement came after Musk publicly criticized a spending bill that Trump is advocating for, further straining their alliance.
• — On June 5, 2025, Elon Musk announced via social media that SpaceX would begin decommissioning its Dragon spacecraft in response to Trump's statements about canceling government contracts. This threat raised concerns about the future of NASA's transportation capabilities.