PoliticsLIVE: US Secretary of State Marco Rubio meets Venezuelan counterpart Oliver Blanco
Marco Rubio and Venezuela's foreign minister, Oliver Blanco, are meeting at the US State Department in Washington, D.C.

United States Secretary of State
United States Secretary of State (2025–)
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Portrait: U.S. Department of State · Public domain · Wikimedia Commons
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Secretary Rubio described the Venezuela-US oil deal as a “huge win” for both countries. Fox News chief Washington correspondent Mike Emanuel explained how the agreement would give the United States a stake in Venezuelan oil.
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Fox News

US Secretary of State Marco Rubio said an oil agreement with the United States could help Venezuela attract about $100 billion in private investment and support the reconstruction of its economy. He said the deal would also secure stable, low-cost oil reserves for the US and help lower gas prices. Trump had earlier announced majority US control of more than 65 billion barrels of Venezuela’s proven reserves.
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Marco Rubio and Venezuela's foreign minister, Oliver Blanco, are meeting at the US State Department in Washington, D.C.

Secretary Rubio described the Venezuela-US oil deal as a “huge win” for both countries. Fox News chief Washington correspondent Mike Emanuel explained how the agreement would give the United States a stake in Venezuelan oil.

US Secretary of State Marco Rubio said an oil agreement with the United States could help Venezuela attract about $100 billion in private investment and support the reconstruction of its economy. He said the deal would also secure stable, low-cost oil reserves for the US and help lower gas prices. Trump had earlier announced majority US control of more than 65 billion barrels of Venezuela’s proven reserves.