Why are people calling Venezuela oil deal a new form of US colonialism?

Why are people calling Venezuela oil deal a new form of US colonialism?

NewsFeedCritics call the US multi-billion-dollar oil deal in Venezuela modern-day colonialism. The agreement reportedly gives the US control of 20% of Venezuela’s oil reserves for decades, all without the country’s legislature’s approval. Al Jazeera’s Nour Hegazy explains.Published On 3 Sep 2026

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