Trump Announces ‘Biggest Oil Deal in World History’ with Venezuela to Secure 65 Billion Reserve Barrels

President Trump announced a major agreement with Venezuela Friday that will allow the US to “more than double” its existing oil reserves– a move the commander-in-chief said will lower prices at the pump.

In a Truth Social post, Trump touted the agreement as “THE BIGGEST OIL DEAL IN WORLD HISTORY!”

“At my direction, Secretary of State Marco Rubio, and Secretary of War Pete Hegseth, working closely with Highly Respected Interim President of Venezuela, Delcy Rodriguez, and, through a partnership with private business, have secured majority US control of more than 65 BILLION BARRELS of proven Oil Reserves in Venezuela, at no cost to the American Taxpayer,” the president wrote.

“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, while helping to continue to set Venezuela on a course toward Tremendous Success and Great Prosperity,” he added.

Since ousting and arresting ex-dictator Nicolas Maduro in January, Trump has made clear that he wants to revitalize Venezuela’s oil industry and pave the way for US companies to tap into the South American nation’s vast oil fields. (Read more from “Trump Announces ‘Biggest Oil Deal in World History’ with Venezuela to Secure 65 Billion Reserve Barrels” HERE)

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