Century of Oil: How US-Venezuela Ties Shifted From Partnership to Control

Over 20,000 Venezuelans died in extrajudicial killings under Maduro's rule; the country has suffered economic collapse and widespread displacement due to US sanctions and political instability.

For more than seven decades, a single imperative has quietly governed Washington's relationship with Venezuela: the uninterrupted flow of oil. What a declassified 1950 State Department memo once described in clinical bureaucratic language has now become open architecture — the United States, following the capture of President Nicolás Maduro in January 2026, has secured majority control over roughly a fifth of Venezuela's vast reserves in what the White House calls the largest oil deal in history. The arc from diplomatic partnership to outright seizure traces not a sudden rupture but the slow,

Century of Oil: How US-Venezuela Ties Shifted From Partnership to Control

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