What are the latest news in Venezuela?
Major U.S.–Venezuela Oil Agreement
The United States and Venezuela announced a sweeping bilateral oil agreement. The deal establishes a joint venture granting 100-year concessions across 17 oil fields containing roughly 65 billion barrels of proven reserves. Under the terms, the U.S. secures an effective 55% share of production at cost to replenish its Strategic Petroleum Reserve, while Venezuela expects over $100 billion in private investment and more than $209 billion in tax revenue.- Saudi Gazette+ 2———Political & Diplomatic Developments
- Political Transition Talks: Talks between the government led by interim President Delcy Rodríguez and segments of the opposition continue to define pathways toward future elections. Over 130 political prisoners were recently released as part of these negotiations. -Al Jazeera——–
- Diplomatic Realignment: Venezuela has taken steps to normalize foreign relations, restoring consular ties with Israel and moving to re-establish diplomatic relations with the Dominican Republic.- Al Jazeera———
- International Criminal Court (ICC): Oversight bodies have urged Venezuela to reconsider its withdrawal from the ICC, while the tribunal stated its investigations into past human rights violations will continue. -Al Jazeera——–
- Disaster Recovery: Reconstruction and recovery operations remain underway following severe earthquakes earlier in the summer that caused extensive casualties and infrastructure damage, followed by recent heavy rainfall and localized flooding in parts of Caracas.- Al Jazeera———