The US has struck a deal to control Venezuela’s oil reserves. It probably won’t help bring down fuel prices

Pedro Mattey/AFP via Getty Images US President Donald Trump has announced an agreement with Venezuela that he called the “biggest oil deal in world history”. The Trump administration says the agreement will double US oil reserves and lower fuel prices for all Americans. But questions remain about whether and when that might happen. Trump’s approval ratings are currently at record lows. This deal is partly an attempt to address voters’ concerns about affordability ahead of the US midterm…