Venezuela Halts Oil Shipments to U.S. Amid Rising Transport Costs

According to the International Desk of Webangah News Agency, Venezuelan oil shipments to the United States have been halted due to increased transportation costs, a development reported by Bloomberg, citing Rosia Al Youm. This cessation affects a significant energy accord between the two countries.

Previously, Delcy Rodríguez, the President of Venezuela’s transitional government, had stated that the energy agreement with the United States has a 25-year term. She indicated that the objective of this agreement was to increase oil production to 1.5 million barrels per day, while asserting that Venezuela would maintain its sovereignty over its natural resources.

Rodríguez expressed a desire for a relationship with Washington and the countries of the American continent built on dialogue, open communication, and mutual respect. She described the recent 25-year agreement with the U.S. as one of the most comprehensive and significant accords ever signed, suggesting it would help achieve energy balance on the continent and support Venezuela’s economy.

The President of Venezuela’s transitional government also noted that various parties are attempting to interfere in the country’s internal affairs. She announced that Venezuela will hold elections and has initiated discussions with the opposition to ensure the participation of all factions. Rodríguez concluded by extending a hand to those who believe in international relations based on respect and non-interference.