The U.S. has secured significant influence over Venezuela following an agreement allowing its government access to over 65 billion barrels of oil, according to the Energy Secretary. The deal hinges on American control over the sale of Venezuelan oil on the global market, giving Washington substantial negotiating power. Analysts suggest this could reshape energy dynamics in the region, though the terms and long-term implications remain under scrutiny. The move comes amid ongoing tensions between the two nations over economic and political policies.
Energy Secretary Chris Wright said on Sunday that the U.S. has “a lot of leverage” over Venezuela after the Trump administration reached a deal with the latter government to grant it control of more than 65 billion barrels of oil. “We have a lot of leverage over Venezuela. We control the sale of oil outside...
