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Trump claims US deal to control 65 billion barrels of Venezuelan oil reserves

By PulseAugur Editorial · [2 sources] ·

Donald Trump announced that the United States has secured an agreement with Venezuela to control 65 billion barrels of the country's oil reserves, which he described as the largest oil deal in history. This deal, reportedly negotiated by Secretary of State Marco Rubio and Defense Secretary Pete Hegseth with Venezuela's interim President Delcy Rodriguez, comes amid pressure on Trump to address high gas prices. The announcement follows a military operation to capture Venezuela's president, Nicolás Maduro, and comes as the US taps its strategic petroleum reserves. AI

RANK_REASON The announcement of a major international agreement concerning significant oil reserves by a former US president qualifies as a significant geopolitical event. [lever_c_demoted from significant: ic=2 ai=0.0]

Read on SCMP — Tech →

AI-generated summary · Google Gemini · from 2 sources. How we write summaries →

Trump claims US deal to control 65 billion barrels of Venezuelan oil reserves

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The announcement of a major international agreement concerning significant oil reserves by a former US president qualifies as a significant geopolitical event. [lever_c_demoted from significant: ic…
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COVERAGE [2]

  1. SCMP — Tech TIER_1 English(EN) · Associated Press ·

    Trump says US has deal with Venezuela for control of 65 billion barrels of oil reserves

    President Donald Trump on Friday said the US has entered an agreement with Venezuela to take control of 65 billion barrels of the South American country’s oil reserves. Trump in a social media post announced the agreement he said was negotiated by Secretary of State Marco Rubio, …

  2. Fortune TIER_1 English(EN) · Aamer Madhani, The Associated Press ·

    Amid high gas prices and shrinking crude stockpile, Trump says U.S. to take control of 65 billion barrels of Venezuelan oil reserves

    Venezuela has one of the largest oil reserves in the world, with an estimated 303 billion barrels of crude oil in the ground.

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