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What we know about Trump's deal giving U.S. access to vast oil reserves in Venezuela

What we know about Trump's deal giving U.S. access to vast oil reserves in Venezuela

Summary

President Donald Trump announced a deal giving the United States access to large oil reserves in Venezuela. The deal follows a U.S. military operation that captured Venezuela’s then-President Nicolás Maduro and brought him to the U.S. on drug charges.

Key Facts

  • President Trump described the agreement as "THE BIGGEST OIL DEAL IN WORLD HISTORY."
  • The deal gives the U.S. a stake in Venezuela’s extensive oil reserves.
  • American forces captured Nicolás Maduro during a nighttime raid in January.
  • Maduro is facing federal drug trafficking charges in New York.
  • The announcement came mainly through a social media post by President Trump.
  • The White House has provided little additional information about the deal so far.
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