Trump Says New Venezuelan Oil Deal Will 'Substantially Lower' Gas Prices
Summary
President Donald Trump announced a new oil deal with Venezuela that gives the U.S. majority control of over 65 billion barrels of proven oil reserves. He said the deal will increase U.S. oil supplies, lower gas prices, and cost nothing to American taxpayers.Key Facts
- The U.S. has secured majority control of more than 65 billion barrels of Venezuelan oil reserves.
- The deal involves the Venezuelan government, private businesses, and U.S. officials.
- President Trump said the agreement will not cost American taxpayers any money.
- U.S. Secretary of State Marco Rubio and Secretary of Defense Pete Hegseth helped negotiate the deal.
- Venezuelan interim President Delcy Rodríguez participated in the agreement.
- The deal aims to double U.S. oil reserves and lower gasoline prices for Americans.
- It is described as a historic move to improve relations between the U.S. and Venezuela.
- Supporters say the deal will bring private investment and create jobs in Venezuela.
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