US President Donald Trump on Friday announced what he described as a sweeping agreement between the United States and Venezuela that could give Washington access to large quantities of the South American country’s untapped oil reserves at cost.
Trump said the agreement was negotiated by US Secretary of State Marco Rubio, Defense Secretary Pete Hegseth and Venezuela’s acting President Delcy Rodriguez.
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Announcing the development in a social media post, Trump called it the “biggest oil deal in world history,” highlighting the potential scale of the agreement and its implications for US access to Venezuela’s vast petroleum resources.
The announcement comes as Washington continues to focus on Venezuela’s energy sector and its significant oil reserves. If implemented, the agreement could have major implications for the two countries’ economic and energy ties.
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