Trump says U.S. struck deal with Venezuela for access to 65 billion barrels of oil

President Donald Trump said his administration has entered a sweeping agreement with Venezuela that could give the United States access to about 65 billion barrels of the South American country’s untapped oil reserves, he said.

Trump said the arrangement would come at a cost.

He did not provide further details on the terms, timing or how the reserves would be accessed, according to his remarks.

The president’s statement did not include additional documentation or confirmation from Venezuelan officials, and he offered no timetable for implementation, he said.

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