Trump announces deal with Venezuela to secure more than 65 billion barrels of oil reserves
- On Friday, President Donald Trump announced an oil agreement with Venezuela, securing majority U.S. control of more than 65 BILLION BARRELS of proven oil reserves at no cost to American taxpayers.
- Washington has sought stable crude supplies since removing former President Nicolas Maduro in January, aiming to replenish the Strategic Petroleum Reserve and promote investment in the OPEC nation's deteriorated energy sector.
- Secretary of State Marco Rubio and Secretary of War Pete Hegseth negotiated the deal alongside Interim President Delcy Rodriguez, with Trump claiming they secured "majority U.S. control of more than 65 BILLION BARRELS."
- Facing pressure ahead of midterm elections scheduled later this year, the administration hopes to ease rising gasoline prices through cheaper oil supplies and expanded Venezuelan output.
- Venezuela's energy industry currently produces 1.25 million barrels per day; the agreement aims to revitalize this deteriorated sector while integrating it into broader American energy strategy.
391 Articles
391 Articles
Donald Trump Announces US Deal to Control 65 Billion Barrels of Venezuela Oil
US President Donald Trump has announced an agreement with Venezuela that would give the United States majority control over oil reserves containing more than 65 billion barrels, in a major expansion of Washington's involvement in the country's energy sector. Donald Trump Announces US Deal to Control 65 Billion Barrels of Venezuela Oil.
Venezuela has the world's largest oil reserves, with 65 billion barrels being brought under US control with the deal. Trump has been under domestic pressure since the Iran war due to high fuel prices.
Donald Trump revealed that the United States has reached an agreement with Venezuela to control over 65 billion barrels of proven oil reserves, claiming it will boost oil production and lower fuel prices in the United States.
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