Donald Trump said the US has secured majority control of more than 65 billion barrels of Venezuelan oil.
In a post on Truth Social on Friday, Trump said the US has reached “THE BIGGEST OIL DEAL IN WORLD HISTORY” with interim Venezuelan President Delcy Rodríguez and private companies, and that the agreement would come “at no cost to the American Taxpayer.”
“This Historic Transaction MORE THAN DOUBLES American Oil Reserves,” Trump wrote, adding that it would substantially lower gas prices.
The White House has not released the agreement or explained which companies are participating, how “control” is defined, or how quickly the oil could reach global markets.
The announcement follows...
Read the full article here
