
Venezuela· CaracasUS-Venezuela Oil Deal: US Gains Control of Venezuelan Oil Reserves
The US and Venezuela have signed an oil agreement granting the United States majority control over 65 billion barrels of Venezuela's oil reserves, described by President Trump as the 'largest oil deal in world history'.
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US-Venezuela Oil Deal Signed in Caracas
First report 15h agoLast update 4h agoSupporters of the deal, including US officials, claim it will bring peace, freedom, opportunity, and prosperity to Venezuela, and help revive its struggling economy.
Critics, including former US ambassador Michael McFaul and Luis Britto García, condemn the deal as an act of imperialism, a surrender of Venezuelan sovereignty, and potentially illegal under international law due to alleged coercion.
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