The relationship between the US and Venezuela has evolved from cordial to increasingly contentious, primarily driven by oil interests. A recent agreement announced by Donald Trump grants the US majority control over a significant portion of Venezuela's oil reserves, a move described by some as predatory and indicative of a long-standing focus on energy dominance.
Historically, Venezuela's vast oil reserves have made it a critical player for US energy needs, especially during World War II. However, the relationship has soured under Nicolás Maduro's rule, marked by accusations of dictatorship and a series of US sanctions, complicating the economic landscape and raising questions about the future of Venezuelan governance and its resources.
Watch for potential shifts in Venezuelan governance as the US solidifies control over oil reserves. The implications for local economies and international relations, especially with China and Russia, could reshape the geopolitical landscape in the region.