Trump brings together oil executives at the White House to define the “future of Venezuelan crude”

U.S. President Donald Trump led a high-level meeting at the White House on Thursday with leading executives from the international energy sector to address the future of the commercialization, exploitation, and control of Venezuelan oil, in a context marked by U.S. intervention in Venezuela, the installation of interim authorities in Caracas, and the reshaping of the hemispheric energy map.

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U.S. and China: a “commercial coexistence” in Venezuela under Washington’s watch

U.S. Secretary of Energy Chris Wright defended Washington’s strategy toward Venezuela: allow trade with Beijing, but prevent China from becoming the dominant player in the South American country’s oil economy. In an interview with Fox Business Network, Wright stated that there is “room to balance” U.S. and Chinese interests in Venezuela, but he made it clear that the United States will not accept China exercising strategic control over the Venezuelan economy.

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Key takeaways from the meeting between Delcy Rodríguez and the National Assembly Commission

The leadership of the National Assembly formally notified the Executive Branch of the start of the 2026–2031 constitutional term during a meeting at Miraflores Palace chaired by Acting President Delcy Rodríguez. The encounter served to outline a broad agenda of legal, economic, and political reforms, amid signs of a recomposition of relations with the United States and new regional diplomatic initiatives.

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