US secures majority control over Venezuelan oil reserves in historic deal

Following the removal of Nicolás Maduro, Washington has reached a major energy deal with Venezuela's interim government, granting American entities majority control over more than 65 billion barrels of crude reserves. U.S. President Donald Trump hailed the framework as "the largest oil deal in the history of the world," aiming to revitalize Venezuela's neglected infrastructure while increasing global energy supplies to lower domestic fuel costs.

However, operational specifics regarding implementation remain sparse. Observers note the arrangement could reshape OPEC dynamics and grant Washington increased leverage over global energy prices amid broader geopolitical tensions involving Iran and Ukraine. Meanwhile, Washington's conditional relationship with interim President Delcy Rodríguez leaves the long-term execution of the pact uncertain.

Sources: Bloomberg, Cyprus Mail, Daily Sabah, Sweden Herald, Trend News Agency