- Trump announced what he called the "biggest oil deal in world history" with Venezuela to develop 17 fields (about 65 billion barrels), promising big investment and potential relief for U.S. gas prices.
- The U.S. would get an effective 55% share through a new private company with 100‑year development rights—making it one of the largest holders of proven reserves if realized.
- Don’t expect immediate price drops: Venezuela’s oil infrastructure is dilapidated, repairs and ramping up output will take years, and political uncertainty (Maduro is jailed) could scare off big investors.
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