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U.S. and Venezuela Restore Diplomatic Ties as Washington Presses for Oil and Minerals Access

Washington says the goal is a phased path toward a peaceful, democratically elected government.

Overview

  • The State Department said diplomatic and consular relations have been reestablished with Venezuela’s interim authorities to support stability, economic recovery and political reconciliation.
  • Interior Secretary Doug Burgum concluded a two-day visit to Caracas with mining and minerals executives and said he received assurances that Venezuela will ensure security for foreign investors.
  • Interim President Delcy Rodríguez announced she will submit mining-law reform to the legislature in the coming days to open the sector to greater foreign investment.
  • U.S. transport regulators approved Envoy Air to resume direct service from Miami to Caracas and Maracaibo as commercial links start to reopen.
  • Energy deals are accelerating as PDVSA reported new U.S. contracts and President Trump cited more than 80 million barrels shipped since January, while Shell signed agreements to resume projects under Venezuela’s new hydrocarbons law.