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U.S. President Donald Trump announced that the United States has entered into a landmark agreement with Venezuela, describing it as the "largest oil deal in world history". According to a post published on Truth Social, the transaction secures majority U.S. control over more than 65 billion barrels of Venezuela's proven oil reserves without incurring any costs for American taxpayers. The deal was negotiated under Trump's direction alongside U.S. Secretary of State Marco Rubio, Secretary of War Pete Hegseth, and Venezuelan Interim President Delcy Rodríguez, in partnership with the private sector.
​Trump emphasized that the agreement will more than double American oil reserves, significantly enhance national energy supplies, and contribute to lowering domestic fuel prices over the long term. He added that the partnership will set Venezuela on a trajectory toward economic success and prosperity while strengthening bilateral ties between Washington and Caracas, though specific operational details regarding U.S. control over the reserves were not fully disclosed in the initial statement.
​U.S. Secretary of State Marco Rubio praised the announcement as a major victory for both the American and Venezuelan peoples, characterizing the agreement as a reflection of a bold "America First" foreign policy. Rubio highlighted that the deal is expected to channel nearly $100 billion in private investment into Venezuela, support thousands of high-paying jobs, and play a pivotal role in reconstructing the nation's economy.
​Rum News Agency / Agence France-Presse (AFP)