# Why are people calling Venezuela oil deal a new form of US colonialism?

https://mins.news/en/item/44468

- Al Jazeera, 2026-09-03 22:08 UTC
- Politics
- Original: https://www.aljazeera.com/video/newsfeed/2026/9/3/aje-onl-nf_us-venezuela-oil-deal_colonialism-030926?traffic_source=rss

> Critics describe the multi-billion-dollar US oil agreement in Venezuela as modern-day colonialism. The deal reportedly gives the United States control of 20 percent of Venezuela’s oil reserves for decades without approval from the country’s legislature.

## Stories

- [US Venezuela Oil and Diplomatic Relations](https://mins.news/en/topic/us-venezuela-oil-relations) — Markdown: https://mins.news/en/topic/us-venezuela-oil-relations.md

## Related coverage

- [Trump-linked companies race to secure deals for Venezuela’s oil](https://mins.news/en/item/44812) — Financial Times, 2026-09-04
- [Venezuelans of all stripes denounce Trump’s ‘biggest oil deal ever’](https://mins.news/en/item/44508) — CBC News, 2026-09-03
- [US energy firms dominate Venezuela deals worth billions](https://mins.news/en/video/44079) — France 24 English, 2026-09-03