Trump Announces 'Historic' Oil Deal with Venezuela
· Telemundo McAllen (KTLM)
U.S. President Donald Trump announced on Friday a 'historic' agreement with Venezuela that will double American oil reserves. Trump revealed the deal in a social media post, stating it was negotiated by Secretary of State Marco Rubio, Secretary of Defense Pete Hegseth, and Venezuela's interim president, Delcy Rodríguez. 'The United States of America has just closed a deal with Venezuela: the largest oil deal in world history!' Trump declared on his Truth Social platform, claiming it ensures 'U.S. majority control over more than 65 billion barrels of proven oil reserves in Venezuela.' He added, 'The historic transaction more than doubles U.S. oil reserves, significantly increases our oil supply, and will substantially reduce gasoline prices for all Americans in the long term.' Marco Rubio echoed this sentiment in a post on X, stating, 'This deal is a huge win for both the American and Venezuelan people. 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.' He further noted that the agreement will bring nearly $100 billion in private investment to Venezuela, support thousands of well-paying jobs, and boost the reconstruction of the Venezuelan economy.
AI summary · Source: Telemundo McAllen (KTLM) →
