Trump announces 'biggest oil deal in world history' with Venezuela

President Donald Trump declared the United States has entered into "the biggest oil deal in world history" with Venezuela, securing majority U.S. control over more than 65 billion barrels of proven crude oil reserves. Trump announced on Friday that this agreement, reached under his direction by Secretary of State Marco Rubio and Secretary of War Pete Hegseth in partnership with private business, comes at no cost to American taxpayers.

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The United States of America has just entered into an Agreement with the Country of Venezuela on, THE BIGGEST OIL DEAL IN WORLD HISTORY!

The administration asserts that this historic transaction will more than double U.S. oil reserves, significantly increase the nation's oil supply, and substantially lower gas prices for Americans in the long term. Furthermore, the deal is intended to set Venezuela on a path toward economic recovery and prosperity, strengthening the relationship between the two nations.

This landmark agreement follows months of intense U.S. diplomatic pressure, sanctions enforcement, and direct oversight aimed at stabilizing Venezuela's energy sector. The deal was finalized nine months after a U.S. military operation led to the capture of Venezuelan leader Nicolas Maduro on federal narcoterrorism and drug trafficking charges.

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At my direction, Secretary of State Marco Rubio, and Secretary of War Pete Hegseth, working closely with Highly Respected Interim President of Venezuela, Delcy Rodriguez, and, through a partnership with private business, have secured majority U.S. control of more than 65 BILLION BARRELS of proven Oil Reserves in Venezuela, at no cost to the American Taxpayer.

The announcement also comes amid pressure on domestic gas prices, heightened by the ongoing war in Iran and a significant drop in the U.S. Strategic Petroleum Reserve. Venezuela holds an estimated 303 billion barrels of crude, approximately 17% of the world's supply, according to the EIA, though its production has been hampered by dilapidated infrastructure.

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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.