Venezuela asserts sovereignty over oil despite US deal

Venezuela's acting President Delcy Rodriguez announced that the country will retain sovereignty over its oil resources despite a new agreement with the United States. This deal allows the US access to 65 billion barrels of oil reserves and is expected to involve over $100 billion in investment. While oil production has recently increased, concerns about transparency and the actual benefits for the Venezuelan people persist.

Venezuela asserts sovereignty over oil despite US deal
4 sources 4 views
Published Aug 30, 2026
politics leaders Latin America
Loading entities...