US takes majority stake in 65B barrels of Venezuelan oil

The United States is set to take a majority stake in over 65 billion barrels of Venezuelan oil reserves, President Trump announced on Friday, in what he described as the biggest deal in history. The agreement, reported by @zerohedge, marks a significant geopolitical and energy market shift.

Market reaction

At publication, no live market snapshot was available for this story. Related assets include oil (OIL), the S&P 500 (SPX), and the US dollar index (DXY), all of which may react to the announcement.

The context

The deal assigns the US a majority position in Venezuela's vast oil reserves, estimated at more than 65 billion barrels. The move is expected to have major implications for global energy supply and geopolitical alignments, though specific terms and timelines were not disclosed in the announcement.

This development comes amid ongoing shifts in global energy markets, with the US increasing its influence over oil-producing regions. The full scope of the agreement, including operational control and financial arrangements, remains to be clarified.