Trump and Venezuelan oil, an “agreement” with many loose ends
US oil companies are guaranteeing large volumes of heavy crude in the long term, but, contrary to what the White House advertises, the agreement will not make gasoline cheaper immediately.
US President Donald Trump announced a deal with Caracas on Friday, allowing the US to exploit one fifth of Venezuela's proven oil reserves, the largest in the world. This fulfills Trump's earlier promise to recoup the cost of a military operation that led to the arrest of Nicolás Maduro and the transfer of power to Delcy Rodríguez. The details of the agreement remain unclear.
Written by urgent.news from El Pais's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
