1h ago3:34

Machado says Venezuela needs 'more than money' after US oil deal

Published by YuToday Staff

1 hour ago · 3:34 readSeptember 3, 2026

Key takeaways

Machado says Venezuela needs 'more than money' after US oil deal is among the latest politics stories in circulation.
Original reporting is credited to afp@koreatimes.co.kr(KoreaTimes).
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What we know so far

CARACAS — Venezuelan opposition figure Maria Corina Machado on Thursday called for a democratic transition in her country after the interim government struck a massive oil deal with the United States. The agreement grants U.S. access to more than 65 billion barrels — almost 20 percent — of oil in Venezuela, which holds the largest proven reserves in the world. Celebrating the "historic" pact on Wednesday, U.S. President Donald Trump and Venezuelan interim leader Delcy Rodriguez both sidelined the notion of elections in the near future. Machado, a Nobel Peace Prize laureate, said genuine develo CARACAS — Venezuelan opposition figure Maria Corina Machado on Thursday called for a democratic transition in her country after the interim government struck a massive oil deal with the United States. The agreement grants U.S. access to more than 65 billion barrels — almost 20 percent — of oil in Venezuela, which holds the largest proven reserves in the world. Celebrating the "historic" pact on Wednesday, U.S. President Donald Trump and Venezuelan interim leader Delcy Rodriguez both sidelined the notion of elections in the near future. Machado, a Nobel Peace Prize laureate, said genuine develo

Why this story matters

This politics story is being watched because it can affect readers, markets, or public policy in the hours after it breaks. afp@koreatimes.co.kr(KoreaTimes) was among the first outlets to surface the report. YuToday writes an original briefing around the confirmed facts instead of reprinting another outlet’s article.

The latest reporting

Reported context includes the following: CARACAS — Venezuelan opposition figure Maria Corina Machado on Thursday called for a democratic transition in her country after the interim government struck a massive oil deal with the United States. The agreement grants U.S. access to more than 65 billion barrels — almost 20 percent — of oil in Venezuela, which holds the largest proven reserves in the world. Celebrating the "historic" pact on Wednesday, U.S. President Donald Trump and Venezuelan interim leader Delcy Rodriguez both sidelined the notion of elections in the near future. Machado, a Nobel Peace Prize laureate, said genuine develo CARACAS — Venezuelan opposition figure Maria Corina Machado on Thursday called for a democratic transition in her country after the interim government struck a massive oil deal with the United States. The agreement grants U.S. access to more than 65 billion barrels — almost 20 percent — of oil in Venezuela, which holds the largest proven reserves in the world. Celebrating the "historic" pact on Wednesday, U.S. President Donald Trump and Venezuelan interim leader Delcy Rodriguez both sidelined the notion of elections in the near future. Machado, a Nobel Peace Prize laureate, said genuine develo

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