Trump Says US to Gain Control of 65 Billion Barrels of Venezuelan Oil

Trump Says US to Gain Control of 65 Billion Barrels of Venezuelan Oil

US President Donald Trump says the United States will gain control of 65 billion barrels of Venezuelan oil, marking a major development in Washington’s approach toward Venezuela’s energy resources.

The statement points to a significant US interest in Venezuela’s vast oil reserves and could have implications for the country’s energy sector and international oil markets.

Venezuela holds some of the world’s largest oil reserves, making control over its petroleum resources strategically important for both Caracas and Washington.

The development could influence Venezuela’s economy, energy exports and broader relations with the United States, depending on how the policy is implemented.

The announcement is likely to draw close attention from international energy markets and governments monitoring US-Venezuela relations.