President Trump says the U.S. The announcement comes as Washington faces pressure over rising gasoline prices and seeks greater oil supplies amid disruptions through the Strait of Hormuz Key points and original sources are listed below.

• President Trump says the U.S. has entered into a deal with Venezuela to take control of 65 billion barrels of oil "at no cost to the American taxpayer." Secretary Marco Rubio also claiming this deal a "huge win for both the American and Venezuelan people."S1

• The announcement comes as Washington faces pressure over rising gasoline prices and seeks greater oil supplies amid disruptions through the Strait of HormuzS2

• Biggest oil deal in world history Trump hails Venezuela agreementS3

• Trump in a social media post announced the agreement he said was negotiated by Secretary of State Marco Rubio, Defense Secretary Pete Hegseth and Venezuela's interim President Delcy Rodriguez.S4

• The president touts “the biggest oil deal in world history” six months on from the start of the Iran war, which sent energy prices spiralling.S5

• President Donald Trump announced Friday that the United States has reached what he called the “BIGGEST OIL DEAL IN WORLD HISTORY” with Venezuela. The post Trump Says He’s Secured ‘U.S. Control’ of Venezuelan Oil in ‘BIGGEST OIL DEAL IN WORLD HISTORY’ first app...S6

• In a post on Truth Social, Trump hailed the accord as "THE BIGGEST OIL DEAL IN WORLD HISTORY!" and credited the outcome to negotiations spearheaded by Secretary of State Marco Rubio and Secretary of War Pete Hegseth, working in coordination with Venezuela's in...S7

• The U.S. struck a deal with Venezuela to get majority control of more than 65 billion barrels of oil reserves, Trump said in a social media post.S8