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Trump Claims US South Korea Deal Has Oil Funds

President Trump announced that a trade deal with South Korea includes billions for an oil recovery project. South Korean officials expressed surprise, stating the project was not part of the agreement.

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FILE PHOTO: South Korean President Lee Jae Myung gestures as he meets with U.S. President Donald Trump on the sidelines of the Asia-Pacific Economic Cooperation (APEC) leaders' summit in Gyeongju, South Korea, October 29, 2025. REUTERS/Evelyn Hockstein/File Photo

United States President Donald Trump said on Friday afternoon that a bilateral trade pact with South Korea includes $8.4 billion for an enhanced oil recovery project. The claim immediately sparked confusion in Seoul, where officials stated the technology was absent from official agreements.
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