What to know about Trump’s deal for access to Venezuela’s vast oil reserves
U.S. President Donald Trump has announced a deal to gain a stake in Venezuela's oil reserves following the capture of former leader Nicolás Maduro. The agreement reportedly involves the development of 17 oil fields with significant investment potential, though specific details remain undisclosed.
Why it matters
This deal represents a major shift in U.S.-Venezuela relations and global energy policy, potentially impacting international oil markets and regional stability.
A pedestrian walks past a mural featuring oil wells in Caracas, Venezuela, Saturday, a day after U.S. President Donald Trump announced a deal giving the United States a stake in Venezuela’s oil reserves. Pedro Mattey/The Associated Press
Besides a social media post from U.S. President Donald Trump , the White House has said little about what he is calling “THE BIGGEST OIL DEAL IN WORLD HISTORY” in Venezuela .
Trump said the agreement announced Friday night would give the United States a stake in Venezuela’s vast oil reserves, a step toward his goal of extracting energy from the country after American forces captured then-President Nicolás Maduro in a middle-of-the-night raid in January and brought him to New York to face federal drug trafficking charges.
Venezuela’s acting president, Delcy Rodríguez, described the deal as a step toward economic recovery that will modernize the country’s oil industry.
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