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Trump’s Bold Move on Venezuela Oil | Washington DC News
Trump unveils what he calls the world’s biggest oil deal—grabbing majority control of Venezuela’s 65 billion barrels of oil for free, promising lower gas prices and doubling U.S. reserves. The pact, struck with Venezuela’s acting president after sanctions were lifted, lets American firms develop 17 key fields under a 55% U.S.-owned private company—with rights lasting up to 100 years. While Venezuela hopes it’ll jumpstart its economy, experts warn real impacts on U.S. fuel costs won’t come soon due to massive rebuilding needs and lingering political risks. This bold move could vault the U.S…
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