Trump says US secured more than 65 billion barrels of Venezuelan oil
Donald Trump announced Friday that the US has secured majority control of more than 65 billion barrels of Venezuela's proven oil reserves. This happened through a partnership with private companies. American taxpayers paid nothing.
Why it mattersIf the deal proceeds, the US could get a major new source of crude oil. It could also lower petrol prices for American drivers.
AustraliaNo direct impact on Australian petrol prices or energy policy yet, but the deal signals a major shift in US-Venezuela relations that global oil markets will monitor closely.
Corroborated byperthnow.com.au·abc.net.au
✓ Claims checked against the source. checked 2 h ago
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