According to CoinMeta, the White House announced a new oil transaction between the United States and Venezuela, which an official statement described as “the largest oil transaction in world history.” The deal was signed by Secretary of State Marco Rubio and Secretary of War Peter Hegseth. According to the announcement, the United States has obtained “over 65 billion barrels of Venezuela’s proven oil reserves,” and this move comes “at no cost” to the U.S. President Trump claimed that this transaction will “significantly reduce oil prices for all Americans in the long term.” If everything goes according to plan, the decrease in oil prices in the U.S. could lead to a significant drop in inflation figures, which is a major concern for the Federal Reserve. Federal Reserve Chairman Kevin Warsh delivered a rather hawkish speech at the Jackson Hole conference, emphasizing the issue of inflation. Many expect that interest rates will rise after Warsh’s speech. However, if Trump’s oil deal can reduce inflation data, interest rates may fall, which could have a positive impact on the stock market and the crypto market.