Trump announces ‘biggest oil deal in world history’ with Venezuela

US president says deal secures majority control of more than 65 billion barrels of proven oil reserves in Venezuela.

President Trump says the U.S. has entered into a deal with Venezuela to take control of 65 billion barrels of oil "at no cost to the American taxpayer." Secretary Marco Rubio also claiming this deal a "huge win for both the American and Venezuelan people."

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

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

Trump claims 'biggest oil deal in world history' signed with Venezuela US president Donald Trump said Washington has accomplished the "biggest oil deal in world history", after entering into an agreement with Venezuela. "At my direction, Secretary of State Marco Rubio, and Secretary of War Pete Hegseth, working c

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

President Donald Trump announced Friday that the United States had reached an agreement with Venezuela securing majority U.S. control of more than 65 billion barrels of oil reserves, touting the deal as a major boost to U.S. energy security and a potential long-term answer to rising gas prices. Trump announced the agre