Trump announces 'historic' oil deal with Venezuela, claims it will double US reserves
Translated from Spanish and summarized by DistantNews. Read the original for the full story.
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- President Donald Trump announced a major oil agreement with Venezuela, claiming it is the largest in world history.
- Trump stated the deal will more than double U.S. oil reserves, increase supply, and lower gasoline prices for Americans.
- The agreement reportedly involves private sector investment and collaboration with Venezuela's interim president, Delcy Rodríguez.
President Donald Trump has announced what he described as a "historic" oil deal with Venezuela, asserting that the agreement will significantly boost U.S. energy independence and benefit American consumers. The announcement, made via his Truth Social platform, claims the deal is the largest oil agreement in world history.
The United States of America has just concluded a deal with Venezuela: the largest oil deal in world history!
According to Trump, the transaction will more than double the United States' proven oil reserves, securing majority U.S. control over more than 65 billion barrels of Venezuelan reserves. He further stated that the deal will substantially increase the nation's oil supply and lead to a significant reduction in gasoline prices for all Americans in the long term.
The historic transaction more than doubles the oil reserves of the United States, considerably increases our oil supply, and will substantially reduce gasoline prices for all Americans in the long term.
The agreement is characterized as a "private sector alliance" spearheaded by Secretary of State Marco Rubio and Secretary of War Pete Hegseth, in close cooperation with Venezuela's interim president, Delcy Rodríguez. Rubio hailed the deal as a "great victory" for both American and Venezuelan people, estimating it could attract approximately $100 billion in private investment, create thousands of well-paying jobs, and aid Venezuela's economic reconstruction.
A great victory for both the American people and the Venezuelan people.
Trump lauded the deal as a testament to his "America First" foreign policy, emphasizing its role in ensuring stable reserves and low-cost oil within the hemisphere. The reported strengthening of relations with Venezuela, under Rodríguez's leadership, follows a period of confrontation that has shifted towards normalization since the reported capture of Nicolás Maduro by U.S. forces on January 3, 2026.
It demonstrates how President Trump's bold foreign policy drives achievements under the 'America First' principle: securing stable reserves and low-cost oil in our hemisphere, as well as reducing gasoline prices in the country.
About this summary
Originally published by ABC Color in Spanish. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.
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