Donald Trump: "historic transaction more than doubles American oil reserves"

President Trump announced on Truth Social that the United States had reached an oil agreement with Venezuela, describing the deal as an unprecedented American energy victory and saying it would lower gas prices. He said Secretary of State Marco Rubio and Defense Secretary Pete Hegseth worked with Venezuelan interim President Delcy Rodriguez and a private partner to give the US majority control of 65 billion barrels of proven reserves at no cost to taxpayers. Rodriguez confirmed the accord, saying it could bring billions to her country. The announcement followed weeks of negotiations and came after President Nicolas Maduro was detained in the US; he faces trial in 2027. Reports say the agreement gives an unnamed company 100-year access to 17 oilfields and guarantees crude supply to the US, potentially reshaping global oil trade.