Trump hails 'historic' deal: US to control 65 billion barrels of Venezuelan oil

The United States has secured control over more than 65 billion barrels of Venezuela's proven oil reserves through a newly announced agreement. This landmark deal, confirmed by U.S. officials, marks a significant development in the energy sector and bilateral relations between the two countries.

Details surrounding the specifics of the agreement remain limited, but the sheer volume of oil reserves involved underscores the strategic importance of this accord. Venezuela possesses some of the largest oil reserves in the world, and U.S. control over such a substantial portion could have far-reaching implications for global energy markets.

This development comes amid ongoing efforts to stabilize and potentially increase global oil production. The agreement signifies a major win for the Trump administration's energy policy, aiming to secure vital resources and potentially influence international energy dynamics. Further details are expected to emerge as the implications of this historic pact are assessed.