President Donald Trump said his administration has secured a majority stake in more than 65 billion barrels of Venezuelan oil reserves, which he called "the biggest oil deal in world history." File Photo by Aaron Schwartz/UPI | License Photo
Aug. 28 (UPI) -- President Donald Trump on Friday said his administration had reached a deal with Venezuela to secure a stake in more than 65 billion barrels of the country's oil reserves.
In an evening social media post, Trump called the move "the biggest oil deal in world history," and said it would come at no cost to American taxpayers.
"This Historic Transaction MORE THAN DOUBLES American Oil Reserves, greatly increases our Oil Supply, and will substantially lower Gas Prices for all Americans, long into the future, while helping to continue to set Venezuela on a course toward Tremendous Success and Great Prosperity," the president wrote on Truth Social.
Trump has been eyeing oil reserves in Venezuela since he ordered the military in January to seize former President Nicolas Maduro.
