Trump has signed a deal with Pakistan on joint oil production

On July 30, US President Donald Trump announced the conclusion of a new agreement with Pakistan, according to which American businessmen, together with their Pakistani counterparts, will develop oil reserves in the republic.

"We have just concluded an agreement with the country of Pakistan, according to which Pakistan and the United States will work together to develop their vast oil reserves. We are in the process of choosing an oil company to lead this partnership," he wrote on his page on the Truth Social network.

Trump noted that his administration is currently busy working on concluding other trade deals with a number of countries that, by putting forward their proposals to reduce tariffs, want the United States to be "extremely happy."

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On July 29, Trump announced that there is a lot of oil in his country and he intends to increase the supply of this fossil fuel, which, according to the head of the White House, is "quite cheap" in the United States.

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