Donald Trump has announced the termination of an oil deal with Venezuela, reversing concessions made by Joe Biden in 2022. The announcement was made via a post on Truth Social, which specifically references the original agreement of November 26, 2022.
On February 26, 2025, U.S. President Donald Trump announced the cancellation of an oil agreement previously authorized by President Joe Biden in 2022. In a message posted on Truth Social, Trump stated that he is “reversing the concessions” made in the oil transaction agreement dated November 26, 2022. This shift marks a significant departure from the policies of the Biden administration regarding relations with Venezuela.
Trump’s recent decision to terminate the oil deal with Venezuela illustrates a shift in U.S. foreign policy, moving away from Biden’s concessions. The reversal signifies Trump’s firm stance on energy and international relations, particularly concerning Venezuela.
Original Source: www.lbcgroup.tv
