Trump: We Hold 65 Billion Barrels of Venezuelan Oil
President Donald Trump announced an agreement that grants the United States control over more than 65 billion barrels of proven oil reserves in Venezuela through a partnership with private companies. The goal is to secure oil supplies and reduce fuel prices in the United States. The specific details of the agreement and the distribution of shares have not been disclosed; however, it represents a significant expansion of America's role in the Venezuelan oil sector. The initiative aims to revive declining production and decrease U.S. dependence on external sources. This announcement comes as part of Washington's efforts to ensure stable oil supplies and alleviate the gasoline price hike crisis ahead of the midterm elections, though it faces potential legal challenges due to the Venezuelan government's control over the oil industry.
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