President Donald Trump announced in a Truth Social post on Friday that the United States is taking control of 65 billion barrels from Venezuela’s oil reserves.
“The United States of America has just entered into an Agreement with the Country of Venezuela on, THE BIGGEST OIL DEAL IN WORLD HISTORY!” Trump wrote. “This Historic Transaction MORE THAN DOUBLES American Oil Reserves, greatly increases our Oil Supply, and will substantially lower Gas Prices for all Americans.”
The announcement of the deal comes as gas prices in the United States have remained high six months into conflicts with Iran, and roughly nine months after American military forces captured Venezuelan leader Nicolás Maduro.
Trump said the deal, which was done through a partnership of private businesses, was brokered by Secretary of State Marco Rubio, Secretary of War Pete Hegseth, and “Highly Respected” interim Venezuelan President Delcy Rodriguez, who served as Maduro’s vice president.
The deal comes at no cost to American taxpayers, the president said, “while helping to continue to set Venezuela on a course toward Tremendous Success and Great Prosperity.”
“This Transaction will greatly strengthen the already growing relationship between Venezuela and the United States!” Trump said.
This is a breaking story and will be updated.
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