The United States reached an agreement with Venezuela to take control of 65 billion barrels of the South American country's oil reserves. The information was advanced in the context of a promise by President Donald Trump for cheaper fuel for American consumers.
The agreement represents a significant shift in the relationship between the two countries, which has been marked by diplomatic tensions over the past several years. The negotiations reportedly involved both governments in an effort to finalize this strategic partnership in the energy sector.
Venezuela has one of the largest proven oil reserves in the world, which makes this agreement potentially relevant for global energy markets. The promise of cheaper fuel emerges as the main argument to justify this international cooperation to the American public.
