DECENTRALIZED MEDIA IS LIVE POWERED BY
Banx Media Platform logo
BUSINESS

The Dragon in the Caribbean: How Oil and Warships Spark an Energy Breakup

Venezuela’s President Maduro announced an immediate suspension of energy accords with Trinidad and Tobago, citing the island’s hosting of a U.S. warship and treating the act as “hostile.”

F

Febri Kurniawan

EXPERIENCED
1 min read
5 Views
Credibility Score: 84/100
The Dragon in the Caribbean: How Oil and Warships Spark an Energy Breakup

In the shimmering heat of the Caribbean Sea, where energy and diplomacy rub shoulders, a surprising fracture has appeared in what once was cooperative terrain. Nicolás Maduro, President of Venezuela, announced the immediate suspension of energy agreements with neighboring Trinidad and Tobago. The cause: Trinidad’s decision to host a U.S. warship, which Caracas described as a hostile act and a marker of alliance with Washington.

The move halts not only current deals but also prospective joint ventures—most notably the once-hyped “Dragon” gas field project off Venezuela’s waters, in which Trinidad had been a partner. Maduro characterized Trinidad’s hosting of the destroyer USS Gravely as turning the island into an “aircraft carrier of the U.S. empire” against Venezuela.

This rupture is more than a bilateral spat. It highlights how energy treaties—especially in regions rich in hydrocarbons—are entwined with alliance politics, military posturing and regional strategy. What once might have been framed purely in terms of supply and commerce now carries the weight of sovereignty and geopolitical alignment.

Officials in Port-of-Spain, the capital of Trinidad & Tobago, responded by downplaying the dependency they have on Venezuelan gas, asserting that the nation’s future “does not depend on Venezuela and never has.” The country declared that it continues to pursue its own energy and non-energy strategies regardless of the Venezuelan withdrawal.

AI image disclaimer: Images generated by AI may not depict real people, places or events with perfect accuracy.

sources : Reuters

Published by Banx Network. This article is part of the Banx decentralized media programme, powered by the BXE token on the XRP Ledger.

#bxe
Decentralized Media

Powered by the XRP Ledger & BXE Token

This article is part of the XRP Ledger decentralized media ecosystem. Become an author, publish original content, and earn rewards through the BXE token.

Newsletter

Stay ahead of the news — and win free BXE every week

Subscribe for the latest news headlines and get automatically entered into our weekly BXE token giveaway.

No spam. Unsubscribe anytime.

Share this story

Help others stay informed about crypto news

Related articles

Keep exploring the latest stories.

View more
To Keep Women in Leadership, Redesign the Role Itself

To Keep Women in Leadership, Redesign the Role Itself

WGEA research suggests part-time executive roles and co-CEO structures could retain women in leadership and help narrow Australia's gender pay gap.

Canada Sends Largest Trade Mission to India in 30 Years Amid CEPA Push

Canada Sends Largest Trade Mission to India in 30 Years Amid CEPA Push

Nearly 300 Canadian business delegates are visiting Mumbai and Bengaluru as Ottawa seeks a trade pact and stronger commercial ties with India.

Across the World’s Energy Markets, Falling Oil Prices Offer Brief Relief While Supply Concerns Continue Beneath the Surface

Across the World’s Energy Markets, Falling Oil Prices Offer Brief Relief While Supply Concerns Continue Beneath the Surface

Oil prices fell on October 12, 2026, after announcements raised hopes for improved supply, although uncertainty surrounding energy routes and regional tensions…