The United States has reportedly gained control over Venezuelan oil resources through an agreement with the Venezuelan government, marking what has been described as the "largest oil deal in world history." The deal grants U.S. control over more than 65 billion barrels of proven reserves in Venezuela at no cost to American taxpayers, effectively doubling U.S. oil reserves and increasing domestic oil supplies. Former President Trump reaffirmed ongoing U.S. support for Venezuela's economic development.
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9August 31, 2026 2.5K 12
