Venezuela Opens Door to US Oil Deal Amid Trump's Assertion of Control
Interim President Delcy Rodríguez has defended her country's decision to open its oil market to the US, amid claims by Vice-President Mike Pence that Washington would exert complete control over Venezuela's energy resources. The Trump administration has been seeking to assert its dominance over Venezuelan oil, with Secretary of Energy Chris Wright stating that the US will manage all sales of future crude production and oversee the sale of the country's petroleum worldwide.
Rodríguez argued that the US' attempt to remove her predecessor, Nicolás Maduro, was a "stain" on the countries' relations but acknowledged it was not unusual for two nations to trade with each other. She expressed Venezuela's openness to energy relations where all parties can benefit from the deals. However, Pence claimed that Venezuela would only be able to sell its oil if it serves US national interests and warned that the country would face severe consequences if it failed to do so.
The Trump administration has taken a tough stance on Venezuelan oil, seizing two sanctioned tankers on Wednesday as part of efforts to exert control over the country's energy resources. The move is seen as an attempt by Washington to influence global oil prices and assert its dominance in the region.
President Donald Trump announced a deal to access up to $2 billion worth of Venezuelan crude, which has led to speculation about the terms of the agreement. US officials have also indicated that they will require strong guarantees from Venezuela before investing significant capital in the country's damaged oil industry.
The stakes are high, with some analysts warning that Washington's assertion of control over Venezuelan oil could have far-reaching implications for global energy markets. As tensions between the two nations continue to escalate, it remains to be seen whether Rodríguez and her government can navigate this complex situation without compromising their sovereignty.
Interim President Delcy Rodríguez has defended her country's decision to open its oil market to the US, amid claims by Vice-President Mike Pence that Washington would exert complete control over Venezuela's energy resources. The Trump administration has been seeking to assert its dominance over Venezuelan oil, with Secretary of Energy Chris Wright stating that the US will manage all sales of future crude production and oversee the sale of the country's petroleum worldwide.
Rodríguez argued that the US' attempt to remove her predecessor, Nicolás Maduro, was a "stain" on the countries' relations but acknowledged it was not unusual for two nations to trade with each other. She expressed Venezuela's openness to energy relations where all parties can benefit from the deals. However, Pence claimed that Venezuela would only be able to sell its oil if it serves US national interests and warned that the country would face severe consequences if it failed to do so.
The Trump administration has taken a tough stance on Venezuelan oil, seizing two sanctioned tankers on Wednesday as part of efforts to exert control over the country's energy resources. The move is seen as an attempt by Washington to influence global oil prices and assert its dominance in the region.
President Donald Trump announced a deal to access up to $2 billion worth of Venezuelan crude, which has led to speculation about the terms of the agreement. US officials have also indicated that they will require strong guarantees from Venezuela before investing significant capital in the country's damaged oil industry.
The stakes are high, with some analysts warning that Washington's assertion of control over Venezuelan oil could have far-reaching implications for global energy markets. As tensions between the two nations continue to escalate, it remains to be seen whether Rodríguez and her government can navigate this complex situation without compromising their sovereignty.