Washington: (RightNow) US President Donald Trump announces a historic oil deal with Venezuela.

Trump states that under his directive, Secretary of State Marco Rubio and Secretary of Defense Pete Hegseth finalized the agreement with Venezuela’s interim President Delcy Rodriguez, involving private sector collaboration.

The deal grants the US majority control over more than 65 billion barrels of Venezuela’s proven oil reserves.

This landmark agreement will more than double US oil reserves and significantly reduce gasoline prices.

It is noteworthy that US-Venezuela relations are improving, and the deal will help lead Venezuela towards prosperity.