US President Donald Trump announced on Friday the conclusion of an oil agreement between Washington and Caracas. Under this agreement, the United States would take control of one-fifth of Venezuela's oil reserves.
Donald Trump formalized an oil deal with Venezuela on Friday, under which Washington would gain control of 20% of Venezuela's oil reserves. The announcement marks a significant turning point in relations between the two countries, long characterized by US sanctions and persistent diplomatic hostility.
Venezuela is among the countries with the largest oil reserves in the world. The exact nature of the terms of this agreement, particularly the concessions granted to Caracas, was not specified in the information released by the US president.
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