Washington and Caracas seal major oil agreement
The United States and Venezuela have reached a landmark oil agreement, considered the largest in history, granting Washington control over more than 65 billion barrels of Venezuelan oil reserves across 17 strategic fields. The deal aims to double U.S. oil supplies and reduce fuel prices, accompanied by substantial investments to modernize infrastructure and support the Venezuelan economy. U.S. President Donald Trump promised that the agreement was made at no cost to taxpayers and that it would help achieve prosperity in Venezuela through private sector involvement. It is expected to attract $100 billion in investments and create thousands of jobs. According to the U.S. Secretary of State, this deal will bring economic benefits and energy security, while Caracas is also considering the possibility of withdrawing from OPEC.
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