Venezuela asserts sovereignty under new US oil agreement
Venezuela’s interim president said the country retained sovereignty under its new oil agreement with the United States and would receive $19 from every barrel sold to the US. The Al Jazeera feed does not provide the sale price, production volume, ownership terms or explain how remaining revenue will be allocated.
Why it matters
The payment formula offers the first concrete term in an agreement that could substantially reshape Venezuela’s oil industry.
Sources
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Part of the August 30, 2026 brief.