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Trump says US to take control of 65bn barrels of Venezuelan oil

The president says the countries’ joint venture will lower petrol prices for Americans

Donald Trump has said the US has struck a deal to gain majority control of more than 65bn barrels of oil in Venezuela.

The US president described the agreement between US secretary of state Marco Rubio, defence secretary Pete Hegseth and Venezuelan interim president Delcy Rodríguez as “THE BIGGEST OIL DEAL IN WORLD HISTORY!” on Truth Social on Friday night.

“This Historic Transaction MORE THAN DOUBLES American Oil Reserves, greatly increases our Oil Supply, and will substantially lower Gas Prices for all Americans, long into the future, while helping to continue to set Venezuela on a course toward Tremendous Success and Great Prosperity,” Trump said on his social media platform.

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