Trump announces US to take control of a fifth of Venezuela’s oil reserves
Pakistan News DeskAuthor
UsamaEditor✓12Verified Sources
At a glance
- US to take control of over 65 billion barrels of Venezuelan oil.
- President Trump says the deal will lower US fuel prices.
- The agreement is a partnership with private US companies at no cost to taxpayers.
Story so far
On Friday, US President Donald Trump announced a major agreement with Venezuela. The deal gives the US majority control over more than 65 billion barrels of Venezuelan oil, representing about a fifth of the nation's total reserves. According to Trump, the partnership with private American companies comes at no cost to US taxpayers and is intended to boost Venezuela's struggling energy industry while helping to reduce fuel prices in the United States. The move follows weeks of negotiations, with formal agreements expected to be signed soon.
Latest development
President Donald Trump announced on Friday that the US will take control of a fifth of Venezuela’s oil reserves through a partnership with private business. The deal, involving over 65 billion barrels, aims to revive Venezuela's energy sector and lower fuel prices in the US.
Sources and updates
President Trump's big deal announcement #shorts #viral #viralvideo
Trump Announces Historic Oil Deal With Venezuela | US Claims Control Over 65 Billion Barrels
Oil Deal with Venezuela, President Trump's big Announcement | Breaking News | GNN
Trump Announces Major Oil Deal With Venezuela | Geo News
8 more verified sources
- US Oil Reserves Set for a Major Boost | Trump Makes Big Claim | Dunya NewsYouTube · Dunya News
- US and Venezuela Reach Oil Deal, Says US PresidentYouTube · ARY News
- Trump says US is taking partial control of Venezuela's vast oil reservesBusiness Recorder
- Trump Announces Historic Oil Deal with Venezuela | Breaking News | Dawn NewsYouTube · Dawn News
- Trump Makes Major Agreement Announcement | Important Details Revealed | Dunya NewsYouTube · Dunya News
- Trump says US is taking partial control of Venezuela's vast oil reservesDawn News
- President Trump Announces “Biggest Oil Deal in World History” with Venezuela - Breaking NewsYouTube · Geo News
- Historic Oil Deal! Trump Says US Secures Major Control Over Venezuelan Oil | Express NewsYouTube · Express News
Responses