The U.S. oil agreement with Venezuela, touted by Donald Trump as the largest in history, faces significant legal and logistical hurdles. Experts indicate that the deal, which emerged after the U.S. seized Venezuelan President Nicolás Maduro, is unlikely to succeed due to Venezuelan laws and the lack of authorization for U.S. entities to own shares in foreign companies.
Concerns about the deal's structure and transparency have led major oil companies to distance themselves. The Pentagon's involvement, particularly through the Office of Strategic Capital, raises questions about its legal authority and the potential implications for U.S. foreign policy and investment strategies in the oil sector.