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03.08.26 - 10:51
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Trump′s Venezuela Oil Push Hits A Roadblock (ZeroHedge)
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Trump's Venezuela Oil Push Hits A Roadblock
Venezuela's long-awaited oil revival has been slower than many in Washington anticipated., according to the Wall Street Journal.
Seven months after Nicolás Maduro's removal, negotiations between the interim government and major U.S. energy companies remain bogged down, with no landmark investment deals despite the country's vast crude reserves.
Rather than rushing back into the country, firms such as ExxonMobil and Chevron are taking a cautious approach. Executives remain wary of Venezuela's history of nationalizing foreign assets, unresolved compensation disputes dating back to the Chávez era, and lingering political uncertainty. As Francisco Monaldi of Rice University's Baker Institute put it, "They have been burned twice," making boards reluctant to approve multibillion-dollar projects unless the opportunity is exceptionally attractive.
Photo: WSJ
WSJ writes that competition has also complicated negotiations. Several companies ar...
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28.07.26 - 02:57
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Washington Gets A Win After Post-Maduro Venezuela Withdraws From ICC (ZeroHedge)
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Washington Gets A Win After Post-Maduro Venezuela Withdraws From ICC
Via Middle East Eye
The US has welcomed a decision by the new Venezuelan government to withdraw the country from the International Criminal Court (ICC).
In a post on X, the US State Department hailed the move as marking a "partnership on American-led efforts to dismantle the corrupt and worthless ICC."
It pointed to an investigation by the court into former Venezuelan president Nicolas Maduro, who was abducted from the South American country during a US military assault in January 2026, saying it had produced "no result".
"The ICC has instead wasted its resources on investigating and charging persons from countries that have competent, independent judicial systems and which never submitted to the jurisdiction of the court," the statement read.
"This is blatant overreach, political bias and selective enforcement," it said, adding that the court is "neither credible, independent, ...
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