US in talks for Venezuela oil stake

The Trump administration is in advanced talks to take a direct stake in 17 of Venezuela's most promising oil-and-gas fields, which hold some 90 billion barrels of crude.

This move would give the US a significant foothold in Venezuela's vast oil reserves.

Additionally, Venezuela is reportedly mulling the possibility of quitting OPEC, according to Bloomberg.

These developments could have major implications for global oil markets and US-Venezuela relations.