Trump’s Venezuelan oil pact would crown a private giant, stirring sovereignty concerns

Trump unveiled a long-term, private-sector-backed oil deal that would create a new private oil giant and grant the United States a controlling stake in a sizable portion of Venezuela’s reserves; supporters say it could unlock nearly $100 billion in private investment and revitalize the industry, but critics warn about secrecy, sovereignty risks, and the potential enrichment of private interests and brokers rather than Venezuela’s people.