What’s in the US-Venezuela ‘biggest oil deal in world history?’
Summary
President Donald Trump announced that the United States and Venezuela have made a large oil deal, which would give the US control over 65 billion barrels of Venezuelan oil. Some people criticize the deal, saying it takes advantage of Venezuela.Key Facts
- President Donald Trump announced a major oil agreement with Venezuela.
- The deal would give the US control of about 65 billion barrels of Venezuelan oil.
- This has been described as the “biggest oil deal in world history.”
- Some critics call the deal predatory, meaning unfair or taking advantage.
- The details of how the deal will work are still being explained.
- Venezuela is a country with large oil reserves.
- The deal could have a significant impact on both countries’ economies.
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