President Donald Trump announces a US-Venezuela oil agreement that he says would give the United States majority control of more than 65 billion barrels of Venezuela’s proven oil reserves “at no cost to the American taxpayer.” Multiple outlets report the deal is accompanied by plans for up to $100 billion in new oil investment and is intended to help stabilize or expand Venezuela’s oil production.

Venezuelan interim President Delcy Rodríguez says the arrangement would run for 25 years, cover 17 oil fields, and bring Venezuela more than $100 billion in investment, along with payments per barrel produced. US officials and some outlets describe the deal as a step toward progress, but reporters also note major unanswered questions about implementation, timelines, and how the arrangement would work in practice. Analysts cited in reporting say the unconventional structure raises concerns and may be difficult to sustain beyond Trump’s term.

Other coverage highlights potential political and legal disputes, including criticism from Venezuelan figures and concerns that the terms could be unconstitutional or compromise sovereignty. Environmental and human-rights groups and other outlets also raise additional concerns, while some reporting says US oil industry participants have been caught off guard and are cautious about the practical hurdles and infrastructure needed to restart production at scale.