Trump pitches U.S. stake in Venezuela’s oil to cool gas prices
TL;DR Summary
President Trump announced a plan to give the United States a majority stake in Venezuela’s oil reserves through a private joint venture, claiming it would replenish U.S. oil stocks and help lower gas prices. The deal isn’t final and faces legal, logistical, and political hurdles, including Venezuela’s constitutional constraints and infrastructure needs, with analysts cautioning that any near-term price impact would likely be limited.
- Trump says US has a deal to take huge stake in Venezuela’s oil reserves Politico
- Trump found an unusual solution to his Venezuela problem CNN
- Democrats sound alarm on US-Venezuela oil deal: ‘This isn’t a win’ The Hill
- Trump Says U.S. Has Deal for Control of Large Share of Venezuela’s Oil The New York Times
- Trump touts access to 65 billion barrels of Venezuelan oil in deal he says will slash gas prices Fox News
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