US-Venezuela oil deal billed as historic, promising to double US oil reserves

The United States claims a ‘historic’ deal with Venezuela will give America control of more than 65 billion barrels of Venezuela’s proven oil reserves, a move Trump says would double US oil reserves, boost supply, and lower gas prices. Details of the arrangement were not released, and the president credited private business partners with finalizing the agreement without costing taxpayers. Rubio lauded the deal as a win for both countries and cited nearly $100 billion in private investment and thousands of jobs; Trump said the pact was reached with private-sector partners and interim Venezuelan leadership. The article notes the lack of specifics and refers to a January 3 operation in which Maduro and his wife were seized, authorized by Trump.