US Claims Majority Control of Venezuela's Oil; Caracas Calls It a Seizure

Trump announced a deal giving the US majority control of 65 billion barrels of Venezuela's proven oil reserves. Caracas's presidential website frames the agreement as "technical-financial cooperation" but also reports Trump "confessed his intention was to seize Venezuelan oil." The gap between Washington's ownership language and Venezuela's expropriation framing leaves what was actually conceded publicly unresolved.