What’s behind the US deal to seize control of Venezuelan oil reserves?

Few details have emerged about deal between Washington and Caracas, criticised as takeover of Venezuela's resources.

President Donald Trump said on Friday that his administration has reached a huge oil deal with Venezuela that gives the United States majority control of 65 billion barrels of proven petroleum reserves. The deal — which Trump proclaimed as “the biggest oil deal in world history” — will bring nearly $100 billion in priv

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

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