Trump deal with Venezuela secures majority US control of oil reserves
Agreement with Venezuela secures majority US control over 65 billion barrels of proven Venezuelan oil reserves, with the transaction said to more than double US oil reserves and lower gas prices.
Story updates
10:51:23 PM UTC
SquawkNews
Trump on Truth Social: 'This Historic Transaction MORE THAN DOUBLES American Oil Reserves, Greatly Increases Our Oil Supply, and Will Substantially Lower Gas Prices for All Americans, Long Into the Future'
10:58:50 PM UTC
SquawkNews
TRUMP: ENTERED AGREEMENT WITH VENEZUELA ON BIGGEST OIL DEAL IN WORLD HISTORY *TRUMP: SECURED MAJORITY US CONTROL OVER 65 BILLION BARRELS OF PROVEN VENEZUELAN OIL RESERVES *TRUMP: HISTORIC TRANSACTION MORE THAN DOUBLES AMERICAN OIL RESERVES AND LOWERS GAS PRICES
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