Energy Secretary Chris Wright stated on September 6, 2026, that the United States possesses significant leverage over Venezuela following a deal made by the Trump administration. This agreement allows the Venezuelan government to control over 65 billion barrels of oil. Wright emphasized the U.S. control over the sale of oil outside of Venezuela, indicating that this gives the U.S. considerable influence in negotiations with the Venezuelan government.
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US Energy Secretary States US Has Significant Influence Over Venezuela Following Oil Deal
Energy Secretary Chris Wright indicated that the U.S. has considerable leverage over Venezuela due to a deal allowing the Venezuelan government to control over 65 billion barrels of oil. He noted that the U.S. controls the sale of oil outside of Venezuela, enhancing its influence in the region.
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Wright: US has ‘a lot of leverage’ in Venezuela after oil deal reached
US Energy Secretary States US Has Significant Influence Over Venezuela Following Oil Deal