Trump announces deal for huge US stake in Venezuelan oil reserves

Venezuela agrees major oil deal with the United States, giving Washington majority control of 65 billion barrels of proven petroleum reserves; Trump and Rodríguez hail "historic" agreement, saying it will benefit both nations. Leer más

US President Donald Trump announced an unprecedented US push to take control of a fifth of Venezuela's vast oil reserves, delivering a new source of crude oil to help bring down US fuel prices.

The sweeping deal would dramatically expand U.S. access to one of the world’s largest petroleum supplies.

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

In a Truth Social post, Trump called this 'the biggest oil deal in world history' and said it will more than double US oil reserves.

The US and Venezuela have agreed to a deal that would give Washington a major stake in Venezuela’s oil reserves, President Donald Trump said Friday.

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