Trump touts access to 65 billion barrels of Venezuelan oil in deal he says will slash gas prices

The Trump administration is touting the oil deal with Venezuela as a way to lower gasoline prices, which have been elevated since the Iran war broke out.

US President Donald Trump on Friday said his administration has reached a major oil deal with Venezuela that gives the US majority control of 65 billion barrels of proven petroleum reserves. The deal — which Trump called “the biggest oil deal in world history” — would bring about US$100 billion in private investment to

Trump announced an unprecedented oil agreement giving the US majority control over 65 billion barrels of Venezuelan reserves as Washington seeks to lower fuel prices.

Venezuelan interim President Delcy Rodriguez said the oil deal was expected to generate $209 billion for Venezuela's treasury.

President Trump announced a deal to grant the U.S. control of more than 60 billion barrels of proven Venezuelan oil reserves.

President Donald Trump said the U.S. reached a deal with Venezuela to secure a stake in more than 65 billion barrels of the country's oil reserves.

Donald Trump says the US has entered an agreement with Venezuela to take control of 65 billion barrels of the South American country’s oil reserves.

U.S. President Donald Trump on Friday said the U.S. has entered an agreement with Venezuela to take control of 65 billion barrels of the South American country's oil reserves.

Venezuela has one of the largest oil reserves in the world, with an estimated 303 billion barrels of crude oil in the ground.