Trump announces US agreement to take partial control of Venezuela's oil reserves

President Donald Trump announced Friday that the United States has secured majority control over a significant portion of Venezuela's oil reserves through a new agreement. Trump described the deal, which involves more than 65 billion barrels of proven reserves, as the "BIGGEST OIL DEAL IN WORLD HISTORY!"

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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!

According to Trump's social media post, the agreement was reached through a partnership with private businesses, with Secretary of State Marco Rubio and Secretary of War Pete Hegseth involved in the negotiations. He asserted that this deal would lower gas prices in the U.S. without any cost to American taxpayers.

Details regarding the private sector partners and the operational specifics of the arrangement remain scarce, as neither the White House nor the Venezuelan government immediately responded to requests for comment. However, Marco Rubio stated on X that the agreement is projected to bring $100 billion in private investment into Venezuela and contribute to lower gas prices domestically.

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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.

This announcement comes nearly nine months after a U.S. military operation to apprehend Venezuelan President Nicolás Maduro. The deal also emerges at a time when the Trump administration faces pressure to address rising gas prices, exacerbated by the ongoing U.S.-Iran war which has disrupted oil shipments through the Strait of Hormuz.

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This deal is a huge win for both the American and Venezuelan people.