Trump announces ‘biggest oil deal in history’ giving US majority control of 65 billion barrels of Venezuelan reserves
Donald Trump announced that the US has secured majority control of more than 65 billion barrels of Venezuela’s proven oil reserves in what he calls the ‘biggest oil deal in history.’ He says the agreement will double US reserves, lower domestic gas prices, and boost Venezuela’s economy.
President Donald Trump announced what he called the "biggest oil deal in history" with Venezuela, a deal that will grant the United States majority control over 65 billion barrels of the South American nation's proven crude oil reserves. The agreement, formalized at the direction of Trump, Secretary of State Marco Rubio, and Secretary of War Pete Hegseth, will be carried out in partnership with interim President Delcy Rodriguez and private business interests.
This monumental transaction will more than double the total oil reserves of the United States, significantly boosting the country's oil supply and the potential for lowering domestic gasoline prices, according to Trump. The deal is expected to provide a substantial economic boost to Venezuela, helping the nation recover and prosper.
Trump's announcement emphasized the strengthening of the already improving relationship between the two nations, signaling a new era of collaboration and prosperity.
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