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U.S. reportedly close to striking "massive" deal for Venezuelan oil fields, reports Axios

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The Trump administration is reportedly in talks to acquire ownership stakes in Venezuela's vast oil reserves, potentially doubling U.S. reserves amid broader commercial negotiations.

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The Trump administration is in talks with Venezuela's interim government about taking an ownership stake in the South American country's enormous oil resources, two U.S. officials tell Axios. The historic deal would more than double U.S. oil reserves by drawing from a country that has the world's largest proven reserves. "Calling this deal huge would be an understatement," one of the officials said. "It is massive."

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