Politics
US Seeks Venezuelan Oil as Fuel Prices Soar
March 16, 2026
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As relations between the US and Venezuela thaw, the US is eyeing Venezuelan oil to help ease rising fuel prices amid global tensions.
The United States is turning its attention to Venezuelan oil as it seeks to alleviate the pressure of rising fuel prices, amid a thaw in relations between the two countries.
After seven years of the American flag being lowered at the U.S. Embassy in Caracas, it is once again flying high, signaling a shift in the geopolitical landscape.
The move comes as the global energy markets have been roiled by various factors, including the ongoing Russia-Ukraine conflict and the lingering effects of the COVID-19 pandemic. Fuel prices have skyrocketed, putting a strain on consumers and businesses alike.
Source: NPR
