After Trump announces ‘biggest oil deal’, Venezuela says it helps retain 'sovereignty’

Addressing the nation in a television address, Delcy Rodriguez hailed the accord as a “historic” deal that would help revive the economy.

Under the deal, $19 from every barrel of oil sold to the US will flow to Caracas, interim President Rodriguez says.

The United States will have majority control of 65 billion barrels of Venezuela's proven reserves in what President Donald Trump described Friday as "the biggest oil deal in world history."

Donald Trump has announced what he called the "biggest oil deal in world history" with Venezuela - claiming the US would get control over more than a fifth of the country's oil reserves.

The announcement of the deal comes nearly nine months after the U.S. military at Trump's direction carried out an operation to capture Venezuela's president Nicolas Maduro and spirit him to the United States

Venezuela's president confirmed the 'historic' agreement shortly after the US president's announcement.

Venezuela's president confirmed the 'historic' agreement shortly after the US president's announcement.

Trump said the deal was negotiated by Secretary of State Marco Rubio, Defence Secretary Pete Hegseth and Venezuela's interim President Delcy Rodriguez. He announced the agreement in a social media post. The announcement comes almost nine months after the US military, acting on Trump's orders, carried out an operation t

The president says the agreement with Venezuela that will allow the US to “more than double” its existing oil reserves.