Trump’s Venezuela Oil Deal Explained | Columbia News

The Trump administration just struck a historic oil deal with Venezuela, securing access to 65 billion barrels and a 55% U.S. stake in a new private company — poised to bring $100 billion in investment and $200 billion in taxes for Venezuela. Coming on the heels of a U.S. military operation targeting Maduro and amid soaring gas prices and ongoing tensions in Iran, the move signals a major geopolitical shift. Venezuela’s acting president sees it as a revival, reversing decades of socialism by privatizing oil. Secretary Rubio predicts lower U.S. gas prices — but experts warn years and billions are needed to rebuild infrastructure and lure American companies back. While the oil will help refill U.S. reserves and support military needs, everyday consumers won’t see savings anytime soon. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/08501f0999c31045