The U.S.-Venezuela oil deal announced on August 28 is about many things, but immediately lowering prices for crude oil and gas at the pump is not among them.
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#venezuela / Page 9
Venezuela's interim President has given a televised address to defend a deal of Venezuelan oil for the United States.
Venezuela's interim president says U.S. energy deal will last 25 years
Under the deal, $19 from every barrel of oil sold to the US will flow to Caracas, interim President Rodriguez says.
The administration will work with a private Venezuelan oil company that has close ties to the country's government.
Republican Congresswoman María Elvira Salazar is backtracking supporting a US agreement with Venezuela for access to 65 billion barrels of oil after blasting the deal on social media Saturday.
Few details have emerged about deal between Washington and Caracas, criticised as takeover of Venezuela's resources.
A deal giving the U.S. majority control of vast Venezuelan reserves strikes at the heart of national identity.
Trump's deal gives the United States a stake in Venezuela's vast oil reserves - but what does that actually mean?
The Trump administration is touting the oil deal with Venezuela as a way to lower gasoline prices, which have been elevated since the Iran war broke out.