US and Venezuela have agreed to a deal where the US will control 20% of Venezuela's oil reserves. The agreement involves 65 billion barrels of proven reserves, marking a significant shift in energy control.
The deal was announced by President Trump on Friday, with details provided by Trump himself. It involves a partnership with private business and aims to secure majority control over the reserves through a formal agreement.
The transaction is described as the biggest oil deal in history and is expected to impact global oil markets. It is intended to lower gas prices in the US and secure a strategic energy resource for the country.
The agreement's terms and exact details remain unclear, with no further clarification provided by the involved parties. The deal's long-term effects on international energy markets are yet to be determined.