US and Venezuela Finalize 25-Year Energy and Oil Agreement

The United States and Venezuela have finalized a 25-year energy and oil pact, a deal described as a major development in global energy markets.

The agreement aims to secure long-term energy cooperation, though it has faced significant criticism within Venezuela regarding the terms and potential impact on the nation's resources.

Analysts are currently evaluating whether the deal will lead to a reduction in US petrol prices or if it will primarily serve to stabilize long-term supply chains for the US market.