Trump Announces Landmark US-Venezuela Oil Deal, Described as Largest in History

Deep News08-29 07:00

President Trump has announced that the United States has finalized an agreement with Venezuela, calling it the largest oil transaction in world history.

In his statement, Trump detailed that under his directive, Secretary of State Marco Rubio and Secretary of Defense Pete Hegseth worked in close coordination with Venezuela's respected interim president, Delcy Rodríguez, and through partnerships with private enterprises. This collaboration has secured US control over the majority of Venezuela's proven oil reserves, which exceed 65 billion barrels, all without spending a single dollar of American taxpayers' money.

Trump highlighted that this historic deal would more than double US oil reserves, significantly boosting domestic supply. He also projected that it would lead to a notable reduction in gasoline prices for all Americans over an extended period. Additionally, the agreement is expected to foster substantial growth and prosperity for Venezuela while further strengthening the already improving bilateral relations between the two nations.

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