Trump’s ‘biggest oil deal in history’ with Venezuela — How will it impact global markets?

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The deal will be carried out through a partnership involving private companies. Trump said the agreement was negotiated with the involvement of Secretary of State Marco Rubio, Defence Secretary Pete Hegseth and Venezuela’s interim President Delcy Rodríguez. This also comes months after a US military operation that resulted in the capture of Venezuela’s former President Nicolás Maduro. Maduro was brought to the United States to face federal charges, including allegations linked to narcoterrorism and drug trafficking. Trump described the agreement as an unprecedented development for the global oil industry. In a social media post, he wrote, “The United States of…

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