Trump Seeks to Slash Gas Prices with Access to 65 Billion Barrels of Venezuelan Oil

President Donald Trump announced a deal with Venezuela that grants the US majority control over 65 billion barrels of oil, claiming it will slash gas prices and benefiting the country's economy. The agreement is seen as a major diplomatic win for Trump, who has been pushing to re-establish relations with Venezuela after years of tension. Under terms of the deal, the US will receive 60% of the oil, while the remaining 40% will be allocated through a joint venture between Venezuela and state-owned oil company Petróleos de Venezuela (PDVSA). The move aims to increase energy independence and reduce US reliance on foreign sources of oil.