"Oil reserves in Venezuela will do nothing to lower families’ bills today," said one campaigner.

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.

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

The agreement would give the US control of 65 billion barrels of Venezuelan oil