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Trump hails ‘historic’ deal for US to control 65bn barrels of Venezuela’s oil
The US has reached a deal with Venezuela to control more than 65 billion barrels of its proven oil reserves, President Donald Trump announced.
GlobeSignal-AIlow certainty
- Why it matters
- Control of Venezuela's vast oil reserves could reshape US energy supply and sanctions leverage over a geopolitically significant Latin American state.
- Most affected
- US consumers and businesses dependent on oil imports — Potential access to alternative oil supply could affect fuel and energy costs.
- Likely next
- Whether Venezuela's government formally confirms the deal terms and timeline for US access to the reserves.
Also reported by: BBC, Telangana Today, Middle East Eye, 7NEWS, Deccan Chronicle, NBC News, The Times of India
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