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Trump claims control of 65B Venezuelan oil barrels
U.S. President Donald Trump announced an agreement with Venezuela that grants the United States control over more than 65 billion barrels of Venezuelan oil reserves, equivalent to about one-fifth of the country's total reserves. The deal, which was finalized under Trump's guidance and in partnership with private companies, includes long-term access for American firms to Venezuelan oil fields, aiming to boost oil flow to the United States and encourage the rehabilitation of the oil sector, although the structural details and implementation mechanisms have not yet been disclosed. This agreement is considered the largest oil deal in history and represents a significant expansion of U.S. influence in the Venezuelan oil industry, amidst declining production, low investment, and sanctions imposed on Venezuela.
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