US-Venezuela Oil Deal Under Fire | Venezuela News

Venezuela News Today | 2 Min News | The Daily News Now! · Sep 3, 2026 · 1m

US Energy Secretary Chris Wright is defending a controversial new oil deal with Venezuela, calling it a “historic transformation” — not a U.S. takeover of Venezuelan oil, as President Trump claims. The White House frames the pact as a century-long strategy to secure American energy dominance and push out foreign rivals like China and Russia. But critics are raising alarms, comparing the arrangement to a mafia-style power play, warning it’s built on duress and aligns the U.S. with unelected Venezuelan leaders. While interim president Delcy Rodríguez says the deal will fund healthcare and…