The U.S. Venezuela oil deal won't lower your gas prices. Here's what you need to know

The Trump administration announced Friday that it would develop Venezuela's oil reserves with the U.S. taking a majority stake in the arrangement. The deal would require years to implement before oil production could increase significantly. Venezuela's oil infrastructure has deteriorated substantially over the past decade, and experts cited the timeline and infrastructure challenges as factors affecting when additional supply could reach U.S. markets.

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