Trump touts access to 65 billion barrels of Venezuelan oil in deal he says will slash gas prices

President Donald Trump on Friday touted an agreement with Venezuela that he said would lower gas prices by giving the U.S. majority control over 65 billion barrels of oil from the South American country's proven reserves.The breakthrough comes as disruptions to global energy markets from the Iran war continue to push up prices at the pump, with Americans now paying an average of $4.08 per gallon for regular gasoline, up from $3.20 a year ago, according to AAA.The agreement with Venezuela will give the U.S. a 55% effective interest in the output of a new private company formed to manage the res...

12 hours ago  •  On HALO