Maduro offered US sweeping economic concessions – NYT
Posted on: Oct 11, 2025 16:38 IST | Posted by: Rt
republic of venezuela has offered the US wholesale economical concessions – including a potency accord to allow American companies to take a major stake in its oil sector – in secret talks that lasted for months, the New York Times reported on Friday, citing sources. Washington, however, is said to have rejected the deal, with the political future of President Nicolas Maduro being the key sticking point.
Over the past several weeks, Washington has conducted strikes off Venezuela’s coast against what it called “drug boats,” killing more than two dozen people and expanding its military presence in the region. US officials have accused Maduro of having links to narcotics networks – a charge that he denies.
Caracas has accused Washington of seeking regime change, which US officials have denied.
However, unnamed American and Venezuelan officials told the NYT that behind the public hostility, Caracas made a wide-ranging diplomatic offer to Washington. It reportedly included a proposal to open all existing and future oil and gold projects to American companies, grant preferential contracts to US businesses, redirect Venezuela’s oil exports from China to the US, and scale back energy and mining deals with Chinese, Iranian, and Russian companies.
The talks, held over several months between Maduro’s top aides and US envoy Richard Grenell, aimed to de-escalate tensions, the article said. While progress was reportedly made on economic terms, the two sides failed to agree on Maduro’s political future, the report said.
US Secretary of State Marco Rubio has been the leading voice in the Trump administration’s push to oust Maduro, according to the NYT. He was said to be skeptical of Grenell’s diplomatic outreach and urged a tougher line toward Caracas.
An earlier report by the NYT claimed Trump ordered that dialogue with Venezuela be broken off after he had “grown frustrated” that Maduro would not voluntarily relinquish power. The paper also said the US was drafting plans for a potential military escalation.
Maduro, meanwhile, has warned that Venezuela would enter a state of “armed struggle” if attacked and has increased military readiness across the country.
Global News Perspectives
In today's interconnected world, staying informed about global events is more important than ever. ZisNews provides news coverage from multiple countries, allowing you to compare how different regions report on the same stories. This unique approach helps you gain a broader and more balanced understanding of international affairs. Whether it's politics, business, technology, or cultural trends, ZisNews ensures that you get a well-rounded perspective rather than a one-sided view. Expand your knowledge and see how global narratives unfold from different angles.
Customizable News Feed
At ZisNews, we understand that not every news story interests everyone. That's why we offer a customizable news feed, allowing you to control what you see. By adding keywords, you can filter out unwanted news, blocking articles that contain specific words in their titles or descriptions. This feature enables you to create a personalized experience where you only receive content that aligns with your interests. Register today to take full advantage of this functionality and enjoy a distraction-free news feed.
Like or Comment on News
Stay engaged with the news by interacting with stories that matter to you. Like or dislike articles based on your opinion, and share your thoughts in the comments section. Join discussions, see what others are saying, and be a part of an informed community that values meaningful conversations.
Download the Android App
For a seamless news experience, download the ZisNews Android app. Get instant notifications based on your selected categories and stay updated on breaking news. The app also allows you to block unwanted news, ensuring that you only receive content that aligns with your preferences. Stay connected anytime, anywhere.
Diverse News Categories
With ZisNews, you can explore a wide range of topics, ensuring that you never miss important developments. From Technology and Science to Sports, Politics, and Entertainment, we bring you the latest updates from the world's most trusted sources. Whether you are interested in groundbreaking scientific discoveries, tech innovations, or major sports events, our platform keeps you updated in real-time. Our carefully curated news selection helps you stay ahead, providing accurate and relevant stories tailored to diverse interests.
No comments yet.