President Donald Trump posted on Truth Social that the crude oil the United States is acquiring from Venezuela will be used to top up the Strategic Petroleum Reserve (SPR). He said the “topping out” process will begin shortly and described the shipment as a gift from Venezuela to the American people. The agreement, announced on Friday, grants the United States majority control over 65 billion barrels of Venezuelan crude owned by private Venezuelan firms. The SPR currently contains 289.7 million barrels, roughly 40 % of its design capacity, after drawdowns under both the Trump and Biden administrations. By combining the Venezuelan holdings with the existing reserve, the partnership would form the world’s second‑largest private oil company by reserves and is intended to ensure U.S. fuel security for decades. No further operational details or timelines were provided.