Maduro Offered the US Access To Venezuela’s Oil and Mineral Resources To Avoid War
According to The New York Times, talks on a potential deal went on for months but have ended since Trump cut off diplomacy with Venezuela
by Dave DeCamp | October 12, 2025 at 8:31 pm ET
The government of Venezuelan President Nicolas Maduro had offered the US access to Venezuela’s oil, minerals, and other natural resources as part of a potential deal to avoid conflict, The New York Times reported on Friday.
The report said talks on the potential deal went on for months despite the US increasing military pressure on Venezuela and bombing boats in the Caribbean, but they have ceased since President Trump recently ordered his special envoy, Ric Grenell, to halt diplomatic efforts with the Venezuelan government.
Under the potential deal, Venezuela was willing to open up all existing and future oil and gold projects to US companies and give preferential contracts to US businesses. The report said Maduro was also willing to make other significant concessions concerning Venezuela’s relationship with other countries, including reversing the flow of Venezuelan oil exports from China to the US, and ending contracts with Chinese, Russian, and Iranian firms.
Maduro’s government has also continued accepting US deportation flights despite the military tensions. According to ICE Flight Monitor, a group that tracks US deportation flights, since February, the US has deported more than 10,000 Venezuelans on 58 flights, including nine that landed since the US bombed its first alleged drug-running boat in the Caribbean on September 2.
An official familiar with the issue told The Wall Street Journal last week that Venezuela remained “one of the best relationships” the US has had on deportations.
The Trump administration has permitted some trade with Venezuela by reinstating Chevron’s license to pump oil in the country in July, but US officials seem determined to escalate. Multiple media reports have said the US is now considering launching direct airstrikes on Venezuelan territory and that the real US goal is regime change, though it’s being dressed up as a counter-narcotics operation.
US officials have claimed Maduro is the leader of a cartel, allegations that have been strongly denied by the Venezuelan government. Venezuelan officials have pointed to data that shows the majority of the cocaine that is produced in Colombia doesn’t go through Venezuela. President Trump has framed the military campaign in the region as a response to overdose deaths in the US due to fentanyl, but fentanyl isn’t produced in Venezuela, and it does not go through the country on its way to the US.
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