US seals unprecedented Venezuela oil deal
Summary
The Trump administration has finalized a landmark oil agreement in Venezuela, highlighting a shift toward state capitalism.
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The US administration has entered into an unprecedented agreement within the oil industry concerning Venezuela, representing a notable advance of state capitalism in the energy sector.
The deal comes eight months after former President Nicolás Maduro was ousted following a military raid conducted by Washington.
The strategic pact marks a major shift in how Venezuelan oil resources and commercial energy interests are managed internationally.
Source: CNBC
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