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flag Venezuela offered U.S. energy access to ease tensions, but the U.S. rejected it, increased military presence, and sanctioned a gas project.

flag In October 2025, Venezuela offered to open oil and gold projects to U.S. companies and reduce ties with Iran, China, and Russia in backchannel talks aimed at easing tensions with the Trump administration. flag The U.S. rejected the overtures, halting diplomatic engagement and increasing military presence in the Caribbean, including sinking suspected drug-trafficking vessels. flag The Treasury authorized U.S. involvement in a Venezuelan offshore gas project under strict conditions. flag Venezuela accused the U.S. of seeking global energy dominance and claimed U.S. actions were a pretext for regime change, denying major drug trafficking links and warning of potential special forces operations.

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