President Trump has announced an historic deal with Venezuela that secures 65 million barrels of Venezuela’s oil reserves, which more than doubles the U.S. oil reserves.
The President posted on Truth Social, “The United States of America has just entered into an Agreement with the Country of Venezuela on, THE BIGGEST OIL DEAL IN WORLD HISTORY!… This Historic Transaction MORE THAN DOUBLES American Oil Reserves, greatly increases our Oil Supply, and will substantially lower Gas Prices for all Americans, long into the future, while helping to continue to set Venezuela on a course toward Tremendous Success and Great Prosperity”
Trump Announces ‘Historic’ Deal With Venezuela That ‘MORE THAN DOUBLES’ U.S. Oil Reserves– dailycaller.com
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EXCERPT:
President Donald Trump announced an historic energy deal with Venezuela in a Truth Social post Friday night.
The president called the deal “THE BIGGEST OIL DEAL IN WORLD HISTORY.” Trump wrote that the United States secured “majority U.S. control” of over 65 million barrels’ worth of Venezuelan oil reserves.
Trump credited Secretary of State Marco Rubio, Secretary of War Pete Hegseth, Interim Venezuelan President Delcy Rodriguez and “a partnership with private business.”
The president stated that the deal more than doubles American reserves and will “substantially lower Gas Prices for all Americans.” He added that the deal would strengthen the “already growing relationship” between the two countries. (RELATED: Trump Says Venezuela Turning Over Huge Stockpile Of Oil To US)
In a subsequent Truth Social post, Trump wrote that the agreement was “the biggest oil deal, by far, in World history!”
The president has shown great interest in Venezuela’s oil reserves since the capture of Nicolas Maduro in January 2026. The South American country holds the largest oil reserves in the world — close to 303 billion barrels worth of crude oil.
Trump announced just days after Maduro’s capture that American oil companies would invest “at least $100 billion of their money,” planning to support the construction of important infrastructure. The president stated that Venezuela agreed that the United States would refine and sell 50 million barrels of crude oil, which he said “will continue indefinitely.”
Venezuela’s interim government opened the nation’s oil to the private sector later that month, which Rodriguez called “a generational reset.”