A major oil deal between the United States and Venezuela’s interim government has been announced, with the U.S. president claiming the agreement will secure "majority" control over 65 billion barrels of proven oil reserves. The terms of the partnership, brokered through private business involvement and led by key administration officials, remain undisclosed. The announcement comes amid ongoing diplomatic and economic tensions in the region. Details on how the reserves will be managed and the implications for global energy markets are still unclear.
US president says US will have ‘majority’ control of 65bn barrels of proven oil reservesDonald Trump announced Friday a new US oil agreement with Venezuela’s interim president Delcy Rodríguez, saying the US will have “majority” control of 65bn barrels of proven oil reserves.The terms of the agreement remain to be seen, but the US president said on his social-media platform that it had been brokered “through a partnership with private business” by his secretary of state, Marco Rubio, and defense secretary, Pete Hegseth. Continue reading...
