US President Donald Trump on Friday announced what he described as an agreement with Venezuela that would give the US control over 65 billion barrels of the South American country's oil reserves.

President Donald Trump says the U.S. has entered an agreement with Venezuela to take control of 65 billion barrels of the South American country’s oil reserves

The President has sought American control over the South American nation's reserves since it deposed dictator Nicolas Maduro earlier this year in Operation Absolute Resolve.