US Claims Leverage Over Venezuela Following Oil Deal, Energy Secretary Says
Source Summary
Energy Secretary Chris Wright stated that the U.S. has significant leverage over Venezuela following a Trump administration deal granting Venezuela control of more than 65 billion barrels of oil. Wright indicated that U.S. control over oil sales outside Venezuela provides the basis for this leverage.
Why it matters
The statement indicates the Trump administration views the oil deal as a tool to exert political and economic influence over Venezuela's government.
