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Critics label US-Venezuela oil agreement as modern colonialism

A multi-billion-dollar deal giving the United States control over 20% of Venezuela’s oil reserves has sparked accusations of neo-colonialism.

Why it matters

The deal could reshape control of vital energy resources and affect Venezuela’s sovereignty and U.S. influence in the region.

In this story

US oil dealVenezuela oil reservescolonialismlegislature approvalenergy geopoliticsresource control
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