🇻🇪 Venezuelan acting President Delcy Rodríguez announced a “historic” agreement with the Trump administration to develop 17 oil fields containing 65 billion barrels. She said private operators would invest more than $100 billion and generate over $209 billion in taxes for Venezuela. Trump called it “the biggest oil deal in world history,” saying his administration and private businesses secured majority U.S. control of more than 65 billion barrels of proven Venezuelan reserves “at no cost to the American taxpayer.” He claimed the deal would more than double U.S. oil reserves, increase supply and “substantially lower” gas prices. Venezuelan economist Francisco Rodríguez says Delcy Rodríguez’s own figures amount to just $3.22 in tax revenue per barrel, or 4.7% of its current price. That is less than half the royalty rate Venezuela received under concessions granted by dictator Juan Vicente Gómez, whose early-20th-century policies allowed foreign companies to dominate the country’s emerging oil industry.