Trump Says US, Venezuela Reach 'Biggest Oil Deal in World History'
Trump says the US and Venezuela reached a deal over 65 billion barrels of oil reserves, calling it the world's biggest oil deal.
U.S. President Donald Trump announced on Friday that the United States and Venezuela had reached an agreement to take control of 65 billion barrels of Venezuela's oil reserves, describing it as the "biggest oil deal in world history." The deal was negotiated by Secretary of State Marco Rubio, Defense Secretary Pete Hegseth, and Venezuelan interim President Delcy Rodriguez, with no cost to the American taxpayer.
The White House did not provide further details on the arrangement or which private-sector companies would be involved. This announcement comes amid pressure on the administration over rising gasoline prices in the U.S., which averaged $4.09 per gallon on Friday, up from $3.21 a year earlier.
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