The American Conservative

President Donald Trump announced a US-Venezuela oil deal on Friday through a Truth Social post, attributing it to Secretary of Defense Pete Hegseth and Secretary of State Marco Rubio. The arrangement is described as a public-private partnership providing US equity stakes in Venezuelan oil companies, with Venezuela’s Acting President Delcy Rodriguez confirming the agreement and projecting $209 billion in tax revenue for Caracas. Finalization status remains unclear, and figures regarding reserve volumes under US control are disputed across sources.