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Oil deal with US is denounced by both sides of Venezuelan politics

  • Posted on August 29, 2026
  • By Financial Times
  • 11 Views
  • 1 min read
In brief

A controversial oil agreement between Venezuela and the Trump administration has sparked unprecedented political backlash across the Venezuelan political spectrum. Opposition parties argue the deal violates constitutional procedures and national sovereignty, while government hardliners criticize it as a strategic concession. This rare consensus of disapproval highlights deep divisions over Venezuela's energy policy and foreign relations, raising questions about the agreement's legitimacy and long-term implications for the country's petroleum sector.

Summary auto-generated by AI from the original publisher's content. Editorial standards.

Oil deal with US is denounced by both sides of Venezuelan politics
Oil deal with US is denounced by both sides of Venezuelan politics

Opposition said agreement with Trump administration was potentially illegal while government hardliners cast it as a betrayal
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Author
Financial Times

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