#VenezuelaUSSign25YearOilDeal A new deal with Venezuela that gives the U.S. majority control of more than 65 billion barrels of proven oil reserves is expected to reshape global oil markets and give Washington significant control over oil prices.

Under the agreement, the U.S. government will form a joint venture with an unnamed private business in Venezuela.

He emphasized that the deal comes “at no cost to the American taxpayer.”

Trump stated that oil purchased through this agreement will be used to replenish the U.S. Strategic Petroleum Reserve.$AT
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