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Proud of their oil, Venezuelans view major U.S. stake in their reserves as a surrender

Americas 1 source 1 country 🔦 Under-reported 3m ago

Acting President Delcy Rodríguez has reached an agreement to grant the United States control over approximately one-fifth of Venezuela's oil reserves. This development, which occurred last week, involves the world's largest proven oil deposits, marking a significant shift in the management of the nation's primary natural resource.

The agreement has been met with domestic opposition, as many Venezuelans perceive the transfer of control to a foreign power as a surrender of national sovereignty. The deal represents a major point of contention regarding the country's economic future and its relationship with the United States.

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