Trump Unveils Venezuela Oil Deal Worth Over 65 Billion Barrels

US President Donald Trump announced that his administration has secured a deal to control over 65 billion barrels of Venezuelan oil reserves. In a post on Truth Social, Trump called it 'THE BIGGEST OIL DEAL IN WORLD HISTORY,' claiming that the agreement will come at no cost to American taxpayers.

The announcement comes after the capture of Nicolás Maduro in January and Trump's push for American oil producers to rebuild Venezuela's deteriorated energy industry. The US has long held significant influence over Venezuela's oil reserves, with the country holding about 303 billion barrels of proven crude oil.

Trump emphasized that this historic transaction will more than double America's oil reserves and significantly lower gas prices. However, details about the agreement, including which companies are participating and how quickly the oil can reach global markets, have not been released by the White House.