Wright: US has ‘a lot of leverage’ in Venezuela after oil deal reached
Summary
U.S. Energy Secretary Chris Wright said the U.S. has strong influence over Venezuela after the Trump administration made a deal with Venezuela. This deal gave Venezuela control over more than 65 billion barrels of oil, and the U.S. controls how that oil is sold internationally.Key Facts
- The Trump administration reached an oil deal with the Venezuelan government.
- Venezuela gained control of more than 65 billion barrels of oil through this deal.
- U.S. Energy Secretary Chris Wright said the U.S. has significant leverage over Venezuela because it controls the international oil sales.
- The U.S. can influence Venezuela by controlling how its oil is sold outside the country.
- This arrangement gives the U.S. a strategic advantage in dealing with Venezuela's oil resources.
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