Venezuela's Agreement with the US for Oil Exports
January 7, 2026
Venezuela has reached an agreement with the United States for the export of crude oil worth 2 billion dollars. This move signifies a shift from China to the US. Donald Trump is pressuring for full access to Venezuela's oil industry and threatens further military intervention. The agreement will help Venezuela avoid cuts in oil production. Chevron will oversee the oil flows, and half the amount will be sent directly to the US.