India, Aug. 29 -- Donald Trump on Friday announced the "biggest oil deal in world history" with Venezuela. The agreement would increase American access to crude, expand supplies and eventually bring down gasoline prices, the US President said.

Trump said the US secured majority control of more than 65 billion barrels of Venezuelan oil reserves through a partnership involving the government and private businesses.

"At my direction, secretary of state Marco Rubio, and secretary of war Pete Hegseth, working closely with Highly Respected Interim President of Venezuela, Delcy Rodriguez, and, through a partnership with private business, have secured majority US control of more than 65 BILLION BARRELS of proven Oil Reserves in Venezuela, at no...