💨 Abstract

The U.S. and Venezuela have agreed to export up to $2 billion worth of Venezuelan crude to the U.S., diverting supplies from China. This deal comes after U.S. forces captured Venezuelan President Nicolas Maduro, with the U.S. aiming to gain control over Venezuela's oil industry. The oil, currently blocked due to U.S. sanctions, will be sold at market prices, with proceeds controlled by the U.S. to benefit both countries.

Courtesy: theprint.in