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White House, Caracas release details on historic US-Venezuela oil deal

President Donald Trump announced on August 28 that the United States had reached a sweeping oil agreement with Venezuela that grants American interests majority control over more than 65 billion barrels of proven reserves. The US described the agreement as part of a 25-year strategy to expand US access to Venezuelan energy resources while building more secure and resilient supply chains in the Western Hemisphere.

Long War JournalLong War JournalSamuel Ben-Ur2 Sept