President Donald Trump announced an oil agreement with Venezuela. The deal is expected to more than double US oil reserves, increase oil supply, and reduce gasoline prices. Trump stated that the US has secured majority control over 65 billion barrels of proven oil reserves in Venezuela.

This was achieved through a partnership with private companies and cooperation with Venezuelan officials. The president claimed this was done at no cost to US taxpayers. Further details of the agreement are available from the source.

The announcement was made by Trump on social media, citing the work of US officials in securing the deal.