A recently agreed upon multi-billion-dollar oil deal between the United States and Venezuela is facing sharp criticism, with some labeling it a new form of colonialism. Detractors argue the deal grants the US undue influence over Venezuela’s crucial oil reserves, echoing historical patterns of exploitation. The agreement aims to boost global oil supply, partially in response to the war in Ukraine and related energy market disruptions. However, critics contend it prioritizes US energy needs at the expense of Venezuelan sovereignty. Concerns center on the potential for the US to exert control over Venezuela’s economic and political future through this energy partnership. This deal has reignited debate regarding neocolonial practices in international resource extraction and foreign policy.