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Trump Announces Major Oil Deal With Venezuela

Trump Announces Major Oil Deal With Venezuela

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THE BRIEF
1

President Donald Trump has announced what he describes as the 'biggest oil deal in world history' involving the control of 65 billion barrels of Venezuelan oil reserves.

2

The agreement, which involves Chevron, aims to migrate and expand existing oil projects, though it has faced significant backlash from the Venezuelan opposition.

3

This move marks a major shift in US energy policy, with the administration aiming to secure long-term energy dominance through this historic bilateral partnership.