Trump officials seek 100-year stake in Venezuela's oil
Trump officials are negotiating to take a direct stake in Venezuelan oilfields. The talks aim to secure 90 billion barrels of oil, nearly a third of the country's reserves.
Why it mattersA 100-year stake in Venezuela's oil would reshape global energy supplies and prices. It would affect fuel costs and shift power between nations.
AustraliaAustralian energy and fuel prices could shift if the US secures long-term control over one of the world's biggest oil reserves.
✓ Claims checked against the source. checked 2 h ago
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