According to CoinMeta, Trump announced on social media that the United States has reached an agreement with Venezuela, obtaining "majority control" over over 65 billion barrels of Venezuela's proven oil reserves. Trump stated that through cooperation with private enterprises, the U.S. has gained this control, and American taxpayers will not have to bear any costs for it. He claimed that this deal will more than double the U.S.'s oil reserves, significantly increase oil supply, and greatly reduce gasoline prices in the United States for a long time to come. However, Trump did not disclose the specific details of the agreement, and the White House has not issued any official statements regarding it yet.