The United States and Venezuela have reached a 25-year agreement regarding 65 billion barrels of Venezuelan oil. President Trump has hailed the deal as “the biggest in world history.” Despite the scale of the agreement, Venezuelan officials assure the public they will maintain control and sovereignty over their oil resources. The deal aims to facilitate the development of Venezuela's oil industry. Details were announced in a televised address by a Venezuelan interim president. The agreement's implications are already sparking debate regarding resource control and international relations. Further reporting on the specifics of the deal is expected.