# A major oil deal involving the US and Venezuela was announced by the American President Donald Trump yesterday, with Washington securing majority control of more than 65-billion barrels of Venezuela’s proven oil reserves. Trump says the arrangement, reached through a partnership with private companies, will more than double US oil reserves and help lower fuel prices. US Secretary of State Marco Rubio says it could attract nearly 100-billion-dollars in private investment and help rebuild Venezuela’s economy. The full structure of the agreement has not yet been disclosed, and legal questions remain over its implementation.
Trump announces US control of part of Venezuela oil reserves