New Delhi, Sept. 1 -- Besides a social media post from President Donald Trump, the White House has said little about what he is calling "THE BIGGEST OIL DEAL IN WORLD HISTORY" in Venezuela.

Trump said the agreement announced Friday night would give the United States a stake in Venezuela's vast oil reserves, a step toward his goal of extracting energy from the country after American forces captured then-President Nicolas Maduro in a middle-of-the-night raid in January and brought him to New York to face federal drug trafficking charges.

Venezuela's acting president, Delcy Rodriguez, described the deal as a step toward economic recovery that will modernize the country's oil industry. In a televised address to the nation late Saturday, Rod...