US president says US will have ‘majority’ control of 65bn barrels of proven oil reserves

The U.S. struck a deal with Venezuela to get majority control of more than 65 billion barrels of oil reserves, Trump said in a social media post.

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

Trump said the U.S. has established "majority" control over 65 billion barrels of oil in Venezuela, "at no cost to the American taxpayer."