Trump says US has entered deal with Venezuela to take control of 65 billion barrels of oil reserves - AP News
Trump says US has entered deal with Venezuela to take control of 65 billion barrels of oil reserves - AP News
Source: AP News
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DW NOTE
Trump announces a deal giving the US operational control of Venezuela's oil reserves — roughly 5% of global proven reserves — at the exact moment Hormuz remains closed and global supply is down 4.3 million barrels per day. This isn't resource diplomacy, it's a fire sale with a gun to the seller's head. Venezuela gets sanctions relief it desperately needs; Washington gets crude it can actually ship. The real tell: it's happening now, not six months ago when oil hit $113.