Trump Announces 'Historic' US Venezuela Oil Deal, Citing Lower Gas Prices The surprise announcement from Washington this week has left many in the energy world perplexed.
US President Donald Trump has hailed the "historic" oil deal between the United States and Venezuela as a major achievement, claiming it will lower gas prices for Americans.
On its surface, the agreement appears to be a bold move by Trump to boost American energy independence. However, closer examination reveals that this deal is far more complicated – and contentious – than meets the eye.