President Donald Trump announced that the United States has reached an agreement giving it majority control over roughly 65 billion barrels of Venezuela’s proven oil reserves. He said the deal was negotiated by Secretary of State Marco Rubio and Secretary of War Pete Hegseth in coordination with Venezuela’s interim leader Delcy Rodríguez, and that it comes at no cost to American taxpayers. Trump called it the biggest oil deal ever and said it more than doubles America’s oil reserves. The agreement includes long‑term rights to develop 17 major oil fields and is expected to bring huge private investment into Venezuela. The announcement comes as gas prices have climbed during the ongoing war with Iran, and Trump is under pressure to show he can stabilize fuel costs. Venezuela holds the largest oil reserves in the world, but its production has collapsed because of years of neglect and broken infrastructure. The new deal is meant to revive those fields with help from private operators and give the U.S. a steady supply of crude. Officials say the plan could bring nearly one hundred billion dollars in investment, create thousands of jobs and help rebuild Venezuela’s economy. The agreement follows a U.S. military operation earlier this year that removed Nicolás Maduro from power. More details about how the joint venture will operate, which companies will be involved and how the U.S. will exercise control are still unclear, but both governments say the deal marks a major shift in their relationship.