President Donald Trump made an announcement about a significant oil deal. A large amount of oil reserves in Venezuela is involved. The president claims that administration officials have been working with Venezuelan leaders to secure the deal.

Details about the agreement are limited, but it appears that the US will have majority control of the oil reserves. The amount of oil in question is substantial, with over 65 billion barrels reportedly involved.

Further information about the deal, including how the oil will be extracted, is not yet available. Venezuelan officials have not commented on the announcement, and additional details have not been provided by the administration.