The United States currently purchases 30% of Venezuelan oil under special contracts, according to recent reports. This information counters claims made by some outlets suggesting that an impending conflict between the U.S. and Venezuela, often referred to as a "Chavista War," would primarily revolve around oil and resources.
The existing trade relationship indicates that the U.S. has a significant stake in Venezuelan oil, which is a critical resource for both nations. The context of this relationship is essential as discussions about potential conflicts continue to arise.
For further context on international relations, previous reports have indicated that the Maduro administration offered the U.S. access to oil and minerals, which the Trump administration ultimately rejected.
