US Secures Control Over Billions in Venezuelan Oil Reserves

US President Donald Trump announced on Truth Social that the US has entered into an agreement with Venezuela for what he called 'the biggest oil deal in world history.'

The deal, which Trump said was reached at his direction, would give the US majority control over more than 65 billion barrels of proven oil reserves in Venezuela.

Venezuela's interim President Delcy Rodríguez praised the agreement, saying it would have a significant impact on the country's revival and bring a significant flow of investment for the recovery and reconstruction of strategic infrastructure tied to the hydrocarbons industry.

The arrangement is expected to increase oil production with private operator participation and could potentially lead to 17 strategic fields being developed with a proven potential of 65 billion barrels of oil, more than $100 billion in investment, and over $209 billion in taxes for the state.