Wright: US has ‘a lot of leverage’ in Venezuela after oil deal reached

Energy Secretary Chris Wright highlighted the U.S.'s significant influence over Venezuela following a deal granting the U.S. control over 65 billion barrels of Venezuelan oil. This deal gives Washington substantial leverage in negotiating terms with Caracas, potentially impacting international oil markets. The implications extend beyond just oil sales, as the U.S. could use this leverage to pressure Venezuela on various issues, including human rights and governance. This strategic move underscores the U.S.'s ongoing efforts to exert influence in Latin America.