The Bahamas-flagged Canopus Voyager oil tanker, chartered by Chevron, arrives in Anzoategui, Venezuela, on August 12, 2025. Venezuelan oil production has begun to rise following the arrest and capture of President Nicolas Maduro. (Shutterstock/Humberto Mathaeus)

America’s Bet on Post-Maduro Venezuela

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The US-backed “stabilization” of Venezuela is seeking to leverage the country’s oil reserves to revitalize the economy.

Nine months after the US seizure of Nicolás Maduro, Venezuela has largely slipped from the headlines. Oil production in the country has been steadily rising to 1 million barrels per day (bpd) since January, and talks over a political transition are inching forward under the government of Delcy Rodríguez. The stakes could hardly be higher for the South American nation: Venezuela holds the world’s largest proven oil reserves at a moment when uncertainty over the Strait of Hormuz is still........

© The National Interest