The U.S. Embassy has voiced its support for an oil agreement between Hunt Oil and Venezuela’s state oil company, PDVSA. This agreement is part of a wider economic recovery strategy encouraged by Washington. The initiative aims to breathe new life into Venezuela’s struggling oil industry through investments and the introduction of new technologies. Labor training programs are also included as a key component of the deal. The U.S. views this as a positive step toward stabilizing Venezuela’s economy. This backing signals a shift in U.S. policy towards Venezuela's energy sector, potentially easing prior restrictions. The move is intended to increase oil production and contribute to global energy supplies.