Trump says oil deal with Venezuela is "the biggest oil deal in world history"

President Donald Trump announced an oil agreement with Venezuela, calling it a historic petroleum accord in a Truth Social post. Trump said he had directed Secretary of State Marco Rubio and Secretary of War Pete Hegseth to work with Delcy Rodriguez, whom he called Venezuela’s interim president, and with private businesses, securing control of more than 65 billion barrels of Venezuela’s proven oil reserves without costing U.S. taxpayers anything. He said the deal would more than double American reserves, increase oil supplies, lower gasoline prices for Americans over the long term, promote Venezuelan success and prosperity, and strengthen relations between the countries.