What we know about deal giving US access to Venezuela oil

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AI Fusion Summary

President Trump announced a deal for the U.S. to acquire majority control of over 65 million barrels of Venezuelan oil. Senate Democrats criticized the move for prioritizing private profits over soldier safety, while GOP Sen. Bernie Moreno defended it. The agreement, announced August 28, will not immediately lower crude oil or gas prices. Details regarding drilling timelines and funding remain unclear, as the U.S. secures access to these significant Venezuelan oil reserves amid domestic political debate.
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