In a significant diplomatic shift, U.S. Secretary of Energy Chris Wright stated that the embargo imposed by Washington on Venezuelan oil has essentially ended. This announcement came after his unprecedented visit to Caracas, where he met with interim President Delcy Rodríguez. The meeting was centered around Venezuela's vast oil reserves, suggesting a potential reopening of energy trade between the two nations. Wright's visit marks the highest level of U.S. official engagement with Venezuela since the military intervention that led to the capture of Nicolás Maduro and his associates earlier this year.

During a joint statement at the presidential palace of Miraflores, Wright expressed support for both nations, saying, "Long live Venezuela and long live the United States!" This unexpected show of solidarity underscores the new energy dynamics as Venezuela may seek to leverage its resources to stabilize its economy. In the aftermath of the military intervention giving the U.S. more influence in Venezuelan politics, Rodríguez's government finds itself navigating complex relationships, striving to balance international pressure while enhancing domestic control.

Rodríguez has made significant concessions to the U.S., including handing over control of the oil sector while also advocating for a general amnesty for political prisoners. These developments indicate a potential thaw in relations and a reevaluation of the overarching strategies involving Venezuela's energy resources. The implications of this agreement extend beyond bilateral relations, potentially altering the global oil market landscape and providing Venezuela with a much-needed economic lifeline amidst ongoing crises.