Trump says US gains control of 65 billion barrels of Venezuelan oil
This digest was compiled by AI from multiple sources — links to the originals are below.
US President Donald Trump announced on Truth Social that the United States and Venezuela concluded the largest oil deal in history, giving Washington control of more than 65 billion barrels of Venezuelan oil. The agreement requires no spending by American taxpayers, Trump said. The deal was negotiated by US Secretary of State Marco Rubio, Pentagon chief Pete Hegseth, Venezuelan interim President Delcy Rodriguez, and private business representatives.
Key Facts
- The deal gives the US control of more than 65 billion barrels of Venezuelan oil, Trump said.
- US Secretary of State Marco Rubio and Pentagon chief Pete Hegseth participated in the negotiations.
- Venezuelan interim President Delcy Rodriguez and private business representatives also took part in the talks.
- Trump said the agreement will require no spending by American taxpayers.
The Deal
US President Donald Trump announced the agreement on his social network Truth Social. He said Washington gained control of more than 65 billion barrels of Venezuelan oil. The deal is the largest oil agreement in history, according to Trump. It remains unclear how the management of the oil will be organized.
Negotiations
US Secretary of State Marco Rubio and Pentagon chief Pete Hegset took part in the negotiations. Venezuelan interim President Delcy Rodriguez and private business representatives also participated. Trump said the agreement will not require any spending by American taxpayers. He believes the deal will allow the US to significantly increase its raw material reserves, boost oil supplies, and eventually lower gasoline prices for Americans.
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Trump says US gains control of 65 billion barrels of Venezuelan oil
