The U.S. struck a deal with Venezuela to gain majority control of over 65 billion barrels of oil reserves, according to President Donald Trump.
Trump stated that the deal comes "at no cost to" U.S. taxpayers, claiming it more than doubles the U.S. oil reserves.
This agreement follows the U.S. attack on Venezuela in January, which resulted in the capture of then-president Nicolás Maduro and his wife.
Trump mentioned that U.S. officials coordinated with Venezuelan government leaders and utilized a partnership with unnamed private businesses to secure the deal.
He asserted that this transaction will greatly strengthen the already growing relationship between Venezuela and the United States.
Trump's announcement comes as consumers face rising energy prices, which have reached around $4.09 per gallon.
He also indicated that the deal should help lower gas prices.
