Trump Announces U.S. Control of Venezuelan Oil Swath Amid Logistical Hurdles

President Trump announced that the U.S. has secured majority control over more than 65 billion barrels of Venezuela's oil reserves and will team up with a Venezuelan company to pump oil, though significant political and logistical hurdles remain.

• President Trump announced majority U.S. control over a large swath of Venezuelan oil reserves.
• The U.S. plans to team up with a Venezuelan company to pump oil.
• The US secured majority control over more than 65 billion barrels of Venezuelan oil reserves.
• The announcement expands Washington's influence over Venezuela's energy sector.