Trump claims 'historic' oil deal with Venezuela
Translated from Spanish and summarized by DistantNews. Read the original for the full story.
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- President Donald Trump announced a purported "historic" oil deal with Venezuela.
- Trump claims the agreement will more than double U.S. oil reserves and lower gasoline prices.
- The deal reportedly involves U.S. majority control over Venezuelan reserves and private sector partnerships.
President Donald Trump has announced what he described as a "historic" oil agreement with Venezuela, asserting that it will significantly boost U.S. energy reserves and lower gasoline prices for Americans.
The United States of America has just closed a deal with Venezuela: the biggest oil deal in world history!
In a post on his social media platform, Truth Social, Trump declared that the United States had "just closed a deal with Venezuela: the biggest oil deal in world history!" He claimed the transaction secures "majority U.S. control over more than 65 billion barrels of proven oil reserves in Venezuela."
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 everyone in the long term.
According to Trump, this deal will more than double the United States' oil reserves, substantially increase its oil supply, and lead to a significant reduction in long-term gasoline prices. He also stated that the agreement would help Venezuela progress toward success and prosperity.
I have instructed Secretary of State Marco Rubio and Secretary of War Pete Hegseth to work with Venezuela's interim president, Delcy Rodríguez, through an alliance with private companies.
Trump indicated that he had instructed Secretary of State Marco Rubio and Secretary of War Pete Hegseth to collaborate with Venezuela's interim president, Delcy Rodríguez, through an alliance with private companies. The president emphasized that the deal would be achieved without any cost to U.S. taxpayers.
It helps keep Venezuela on the path to success and prosperity.
About this summary
Originally published by Diario Libre 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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