President Donald Trump's effort to tap into Venezuela's oil industry is moving forward. A deal has been set up to give the Pentagon a stake in a significant portion of the country's oil reserves. This development comes after Trump announced a major oil deal, which has been met with skepticism by analysts.

The US is creating a private company as part of a joint venture with a partner. Further details about this arrangement are available. More information about the deal was released, providing some insight into the arrangement.