Trump secures vast oil reserves in Venezuela deal
President Donald Trump revealed on Friday that the United States has finalized an agreement with Venezuela to gain majority control over an immense oil reserve, estimated to exceed 65 billion barrels. This development occurs amid ongoing global crude trade disruptions caused by the conflict with Iran.
In a social media announcement, Trump described the deal as the largest oil transaction in history. He emphasized that the agreement will not incur any costs for U.S. taxpayers and will more than double the nation's current oil reserve. This comes at a crucial time, as recent data indicated that the Strategic Petroleum Reserve had reached its lowest levels since the 1980s.
This landmark agreement follows the U.S. operation in January that led to the capture of Venezuela's then-president, Nicolás Maduro, and his wife, Cilia Flores.
Trump stated that this transaction is expected to significantly strengthen the relationship between Venezuela and the United States.
English Translation:
Trump Secures Majority Control Over 65 Billion Barrels of Venezuelan Oil Reserves
President Donald Trump announced on Friday that the U.S. has entered into an agreement with Venezuela to secure majority control over more than 65 billion barrels of oil reserves. This deal comes at a time when the global crude oil trade is being impacted by the war with Iran.
Trump described the agreement, announced via a social media post, as the biggest oil deal in world history. He further stated that the arrangement comes "at no cost to" U.S. taxpayers.
According to Trump, this agreement effectively doubles the U.S. oil reserve. This news follows data released earlier this month, which showed oil volumes in the Strategic Petroleum Reserve at lows not seen since the 1980s.
The deal with Venezuela follows a U.S. operation in January that led to the capture of Venezuela's then-president, Nicolás Maduro, and his wife, Cilia Flores.
In his post, Trump remarked, "This Transaction will greatly strengthen the already growing relationship between Venezuela and the United States."
Fresh materials — MMA News
Trump Threatens to Destroy Iran's Kharg Island Oil Hub as Hostilities Escalate
U.S. forces have conducted strikes on two Iranian rocket launchers located on Larak Island. This action followed observations of Revolutionary Guard forces preparing rockets armed with sea mines for deployment into the Strait of Hormuz, according to confirmation from U.S. Central Command. N
HDFC Bank Shares Rise on News of CEO's Unexpected Departure
HDFC Bank, India's largest private lender, experienced an increase in its share price on Monday, though it later pared back its gains. This movement followed a surprise announcement from Chief Executive Sashidhar Jagdishan that he will be exiting the bank upon the conclusion of his te
U.S. and Iran Exchange Strikes Amid Escalating Tensions
U.S. military forces carried out strikes on two Iranian rocket launchers located on Larak Island on Sunday. This action was taken following reports from the U.S. Central Command that Iranian Revolutionary Guard forces were preparing to launch rockets equipped with sea mines towards the
Aon Nears $17 Billion Deal to Acquire Insurance Broker USI from KKR
Aon is reportedly in advanced discussions to acquire USI, a prominent insurance brokerage firm, in a deal valued at approximately $17 billion, including debt. The seller is the private-equity firm KKR. According to The Wall Street Journal, the agreement could be announced as e
Key Stock Market Focus: Earnings, Cybersecurity, and Economic Data
This week, the stock market is under close observation as two prominent AI chipmakers, Broadcom and Palo Alto Networks, prepare to release their earnings. The dynamic cybersecurity landscape and the labor market will also be central themes. Here's an in-depth look at three critical areas t
Dolly Parton's Resilience: Underestimation as a Strength
For decades, Dolly Parton was surprisingly underestimated, a fact that ultimately became one of her greatest assets. In a 2015 interview at Dollywood Theme Park, the famously optimistic singer-songwriter candidly shared her past struggles with depression and feelings