Trump announces Venezuela oil deal

President Donald Trump announced Friday evening that the United States has entered an agreement with Venezuela to secure majority control of 65 billion barrels of proven oil reserves.

The announcement comes nearly nine months after the U.S. military operation that captured Venezuelan president Nicolás Maduro.

Trump framed the deal as a way to double U.S. reserves and slash gas prices, though specific terms and costs remain unclear.

The agreement marks a significant escalation in American economic influence over the South American nation's energy sector.