Venezuela says it retains ‘sovereignty’ following US oil deal

Venezuela's interim President Delcy Rodriguez stated that the country is preserving its sovereignty despite an agreement with the US to hand over rights to 65 billion barrels of oil. The 25-year deal will allow Venezuela to develop its oil industry while retaining ownership of its resources. Rodriguez noted that $19 from every barrel sold to the US would flow to Caracas, potentially worth up to $209 billion annually for the country.