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What to know about new U.S. oil deal with Venezuela

What to know about new U.S. oil deal with Venezuela

Summary

The United States and Venezuela have made a new agreement related to oil reserves. President Donald Trump says the deal is positive, but experts think it may take a long time before the agreement produces results.

Key Facts

  • The U.S. and Venezuela signed a new oil reserve agreement.
  • President Donald Trump supports the deal and downplays concerns.
  • Experts warn the deal could take years to become fully operational.
  • The agreement involves managing or using oil resources between the two countries.
  • Details on how the deal will work or its exact benefits were not provided.
  • CBS News reported on this development and included expert opinions.
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