Don’t expect immediate relief from Trump’s Venezuela oil deal
Several political and practical hurdles remain in the agreement on offshore oil, which the president called “historic.”
Welcome to the daily Inside Scoop newsletter. The White House has touted a new oil deal with Venezuela as being the biggest “in world history,” one that will slash gas prices. But will it? We are trying to figure that out today. Plus George Santos — whom you may remember from being expelled from Congress in 2023 — is now banned for life from Kalshi, the prediction market. Why, you ask? Let’s get into it. To President Donald Trump, an agreement with Venezuela via an unnamed private business to give the U.S. control of more than 65 billion barrels of oil reserves in the country was the “THE BIGGEST OIL DEAL IN WORLD HISTORY!” as he posted on Truth Social on Friday.
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