Signing ceremony as Venezuela and US major oil deal

Signing ceremony between Venezuela and US major oil deal was held in Caracas on Wednesday. U.S. Energy Secretary Chris Wright and Venezuela's interim leadership signed a series of strategic energy agreements. The U.S. administration described it as the "biggest oil deal in world history," granting U.S. control and development rights over 17 strategic oil fields holding an estimated 65 billion barrels of reserves.

The agreement aims to double Venezuela's oil production aiming for over 2 million barrels per day by 2030 and secure broader energy supplies to help stabilize global gas prices.