U.S. Nears Deal to Secure Long-Term Access to Venezuela’s Oil Reserves, Sources Say

The United States is reportedly close to an agreement that would provide long-term access to Venezuela’s oil reserves, potentially reshaping energy ties between Washington and Caracas. The arrangement could involve investment, production, and infrastructure commitments, while addressing sanctions and legal protections for companies. Supporters say the deal could stabilize Venezuela’s energy sector and increase global supply. Critics may question whether the agreement offers sufficient safeguards, benefits Venezuelan citizens, or risks reinforcing political divisions. Negotiations are continuing, with final terms unresolved.