Trump Administration Defends Venezuela Oil Deal Amid Criticism

U.S. officials have defended President Donald Trump's oil deal with Venezuela, asserting it will lower oil prices for Americans and counter Russian and Chinese influence in the region. The agreement, backed by Venezuela's National Assembly, grants the U.S. control over a significant portion of Venezuelan oil reserves through a stake in North American Blue Energy Partners. Critics, however, have raised concerns about the deal's implications, with some likening it to modern-day colonialism.