Critics call the US multi-billion-dollar oil deal in Venezuela modern-day colonialism. The agreement reportedly gives the US control of 20% of Venezuela’s oil reserves for decades, all without the country’s legislature’s approval.
Al Jazeera’s Nour Hegazy explains.
Published On 3 Sep 2026
Also Read
- Senior EU official cancels Serbia trip over planned tribute to Mladic
- Serena Williams Maps Out 2027 Singles Comeback Following US Open Doubles Preparation
- Trump Administration Orders Review of Gray Wolf Protections Under Endangered Species Act
- Venezuela’s Oil Deal: A Geopolitical Win That Falls Short of Rescuing the SPR
