economy

Amid high gas prices and shrinking crude stockpile, Trump says U.S. to take control of 65 billion barrels of Venezuelan oil reserves

President Donald Trump on Friday said the U.S. has entered an agreement with Venezuela to take control of 65 billion barrels of the South American country’s oil reserves.

Amid high gas prices and shrinking crude stockpile, Trump says U.S. to take control of 65 billion barrels of Venezuelan oil reserves

TL;DR

  • The U.S. has entered an agreement with Venezuela.
  • The agreement involves the U.S. taking control of 65 billion barrels of Venezuelan oil reserves.
  • The announcement was made by President Donald Trump on Friday.