Trump announces major oil deal with Venezuela

The United States has reached a deal with Venezuela that grants American companies majority control over more than 65 billion barrels of proven oil reserves, President Donald Trump announced. This agreement, which aims to revitalize Venezuela’s energy sector, is expected to generate significant revenue for the Venezuelan government and lower gas prices in the U.S. Secretary of State Marco Rubio stated the deal could attract nearly $100 billion in private investment and create thousands of jobs in Venezuela.

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