White House frames Venezuela's massive oil deal as a vehicle for "democratic transition," calling private-sector investment "a key precondition to driving continued reform."

Intelligence summary

White House frames Venezuela's massive oil deal as a vehicle for "democratic transition," calling private-sector investment "a key precondition to driving continued reform." U.S.-sponsored talks have reportedly produced judicial reforms and political prisoner releases. But no election timeline exists. The deal itself: 100-year concessions on 17 oil fields with 65 billion barrels, Pentagon gets 35% equity, State Dept buys 20% at cost, U.S. veto over the board. Signed by Rubio and Hegseth.