Good morning. You're reading the Up First newsletter. Subscribe here to get it delivered to your inbox, and listen to the Up First podcast for all the news you need to start your day. Today's top stories The Trump administration announced a new U.S. partnership with the Venezuelan government to develop a significant portion of Venezuela's oil reserves. An official, who spoke to NPR on the condition of anonymity because they are not authorized to speak publicly about the deal, said that the U.S. government is forming a joint venture with a private Venezuelan company. According to the administration, the U.S. will receive 55% of the oil produced from this venture, which is estimated at approximately 65 billion barrels. President Trump says this deal will help lower gas prices, but energy experts are skeptical. Here's what you need to know. A man walks past a mural featuring oil pumps and wells in Caracas, Venezuela, as the country faces the prospect of the U.S. reimposing oil sanctions. Matias Delacroix/AP hide caption toggle caption Matias Delacroix/AP A man walks past a mural featuring oil pumps and wells in Caracas, Venezuela, as the country faces the prospect of the U.S. reimposi...

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