President Donald Trump announced a “historic” oil agreement with Venezuela, granting the United States control over the majority stake of over 65 billion barrels of Venezuelan oil reserves. The deal is projected to attract approximately $100 billion in private investment. This announcement follows recent developments, though details remain limited. The agreement represents a significant shift in energy policy amidst ongoing geopolitical considerations. The Trump administration touts the deal as a major win for American economic interests and energy independence. Further information regarding the specifics of the agreement and its implementation is expected to be released shortly. The move is likely to have considerable impact on global oil markets.