US secures deal for 65 billion barrels of Venezuelan oil

The United States and Venezuela have finalized terms on a significant oil agreement, potentially granting Washington control over an estimated 65 billion barrels of Venezuelan oil reserves. Former President Donald Trump announced the deal on his social media platform, Truth Social, characterizing it as the "biggest oil deal in world history."

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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. It will also help set Venezuela on a course toward Tremendous Success and Great Prosperity.

Trump stated that the transaction would more than double American oil reserves, substantially increase the nation's oil supply, and lead to lower gas prices for consumers. He also suggested the deal would set Venezuela on a path to "Tremendous Success and Great Prosperity."

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calls for the development of 17 strategic fields

Delcy Rodríguez, Venezuela's acting president, confirmed the agreement, calling it "historic." She detailed that the deal involves the development of 17 strategic oil fields and could attract over $100 billion in investment, generating more than $209 billion in state taxes.

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It demonstrates how President Trump's bold foreign policy is driving America First wins: securing stable reserves and low-cost oil in our Hemisphere and lowering gas prices here at home.

U.S. Secretary of State Marco Rubio lauded the agreement as a major victory for both nations. He emphasized how the "America First" policy secured stable reserves and affordable oil in the hemisphere, benefiting Americans with lower gas prices. For Venezuela, Rubio projected nearly $100 billion in private investment, job creation, and economic reconstruction.

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For the Venezuelan people, this deal will bring nearly $100 billion in private investment, support thousands of high-paying jobs, and drive the reconstruction of Venezuela's economy.