U.S. officials are defending a controversial agreement granting American control over a substantial portion of Venezuela’s oil reserves, framing it as a step toward restoring democracy and securing critical energy supplies. The deal, announced by the Trump administration, has drawn sharp criticism from Venezuelan opposition groups who argue that democratic progress remains unfinished despite the departure of President Maduro. Supporters claim the arrangement will stabilize the country while providing Washington with access to nearly one-fifth of Venezuela’s vast oil wealth. Skeptics question whether the move truly prioritizes Venezuela’s recovery or serves broader geopolitical and economic interests.
Government talks up pact but Venezuelan opposition alarmed that democracy yet to return after Maduro exitTrump administration officials on Tuesday defended a highly contentious deal giving the US control of a significant chunk of Venezuelan oil reserves, arguing that the sweeping agreement would help stabilize and rebuild democracy in the shattered South American country while giving Washington vital access to strategic crude reserves.Last week, Donald Trump announced a “groundbreaking” deal that would give the US “majority” control over 65bn barrels – roughly one-fifth – of Venezuela’s oil reserves. Continue reading...
