President Donald Trump announced a landmark oil agreement with Venezuela, securing majority control over more than 65 billion barrels of the country's oil reserves. The deal, described as the largest in history, was signed through an executive order and confirmed by both sides. According to Trump, the agreement would double US oil reserves and grant American companies significant influence over Venezuela's energy sector.
Venezuela's interim president, Delcy Rodríguez, confirmed the historic agreement and expressed gratitude to Trump and US Secretary of State Marco Rubio for their involvement. The terms of the deal include American majority control over a substantial portion of Venezuela's oil fields. Details on the exact structure and implementation of the agreement remain under discussion.
The agreement marks a significant shift in US-Venezuela relations, with the US aiming to bolster its energy security and reduce dependence on other oil sources. Analysts suggest the deal could have long-term implications for both nations' economies and global oil markets. The full terms and legal framework of the agreement are expected to be finalized in the coming weeks.
