U.S. and Venezuela Strike Historic Oil Deal | Little Rock News

The U.S. just struck a historic oil deal with Venezuela, unlocking 65 billion barrels of reserves at cost—potentially slashing gas prices and boosting American energy dominance. President Trump touts it as the largest oil deal ever, while Venezuela’s interim leader Delcy Rodríguez pledges $100 billion in investment and $200 billion in tax revenue. A new U.S.-backed company will hold a 55% stake in output, securing a 100-year lease to develop 17 fields, making it the world’s second-largest oil reserve holder. The move follows U.S. military efforts to oust Maduro and comes as America’s strategic reserves dip below 300 million barrels. Despite past skepticism from oil giants like ExxonMobil—who once called Venezuela “un-investable”—Trump frames the deal as reparations for decades of stolen U.S. assets, while Rodríguez reverses socialist-era nationalization by legalizing privatization. Secretary Rubio says this partnership will deliver cheaper fuel and economic revival. 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/f39fa6b37d1572bc