US says it will control Venezuelan oil indefinitely

In January 2026, the US announced its intention to indefinitely control Venezuelan oil. This decision gives the US authority over the country's oil wealth and the ability to dictate how profits are spent. In response, Venezuela's interim leader, Delcy Rodriguez, stated that any oil partnerships with the US must ultimately benefit the Venezuelan people. The announcement and subsequent response highlight ongoing tensions regarding control and distribution of Venezuela's oil resources. The location of the oil fields and refineries were not mentioned in the article. The reasons behind the US decision were also not stated.