US and Venezuela Sign 100-Year Oil Deal

Controlling Venezuela's oil resources was a primary objective of US President Donald Trump's administration. Since January, when US special military forces took action at Nicolas Maduro's residence in Caracas and removed him from power, Trump has consistently stated that securing Venezuela's oil resources is a priority for his government.

At that time, Trump also said that the US would now 'run' Venezuela and manage its oil sales for a long time.