CARICOM backed Guyana's sovereignty twice this year while Barbados, Grenada and Suriname deepened ties with Caracas. The author's view is that the region's support on Essequibo is a floor, and the partnership above it has to be earned.
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Venezuela's Interim President Delcy Rodríguez signed ten documents with Suriname on 11 September after visiting Grenada and Barbados. Guyana's 2025 customs data show no crude exported to any CARICOM member, and its energy talks with Trinidad and Suriname have produced nothing signed.
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The Office of Foreign Assets Control designated Cuba tourism ministry on 13 July 2026, blocked ten Ecuadorian fishing vessels on 20 August, and authorised six oil companies to work in Venezuela on 27 August. Three countries, three executive orders, one office.
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Venezuela confirmed an oil accord with the United States on 28 August 2026 covering 17 fields and 65 billion barrels. Article 150 of its Constitution requires National Assembly approval for public interest contracts with companies not domiciled in Venezuela. No such approval is on the public re
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Venezuela confirmed a US oil deal covering 65 billion barrels across 17 fields, with $100 billion in investment and over $209 billion in state revenue expected.
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Venezuela awarded Loran Phase 2 to a BP-led group on 13 August 2026, with ADNOC's XRG and Qatar-linked UCC holding two thirds of the equity. Loran and Trinidad's Manatee are one reservoir, and the agreement tying them together was terminated in 2019.
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Washington replaced General Licence 50B with 50C on 27 August 2026, the day before President Trump announced a Venezuela oil deal in a social media post. The licence names six companies cleared to operate there, none from the Americas south of the United States.
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