Trump: Venezuela deal grants US oil stake

President Donald Trump announced that the United States has secured majority control over more than 65 billion barrels of Venezuela's proven oil reserves through a partnership with private companies. The deal aims to expand U.S. oil reserves, potentially lower gas prices, and revive Venezuela's energy industry, although details of the arrangement remain unclear. The announcement follows negotiations to give American companies long-term access to Venezuelan oilfields amid ongoing efforts to increase U.S. crude supplies.

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