Updated

President Trump announced what he called a 'historic' deal giving the United States control over 65 billion barrels of Venezuela's oil reserves, with Venezuela's interim president saying the arrangement is intended to help revive the country's struggling economy. The unusual agreement marks a major shift in US-Venezuela relations and has drawn scrutiny over its terms and implications. Energy experts caution that the deal, announced Friday, is unlikely to lower gas prices for American consumers despite the scale of the reserves involved. Analysts point to logistical, regulatory and market factors that limit any near-term impact on fuel costs, tempering expectations set by the administration's framing of the agreement.