SECRETARY RUBIO on VENEZUELA OIL DEAL: Obviously, it will have some short-term benefits. But it also ensures that the United States, not China, Russia, or Iran, will have a position with regard to the largest oil producer in our hemisphere.

Secretary Rubio discussed a new Venezuela oil deal, acknowledging short-term benefits. He emphasized that this deal secures a strategic position for the United States in the hemisphere's largest oil producer, preventing influence from China, Russia, or Iran.