The U.S. has sidelined opposition leader María Corina Machado and bet on a “serious” but little-known regime critic as it tries to restore democracy in Venezuela.

The US is set to take majority control over a huge amount of Venezuela’s oil wealth in an unprecedented maneuver that officials said would create the world’s second-largest private oil company by rese...

The agreement, which Trump proclaimed as "the biggest oil deal in world history," will inject nearly $100 billion in private investment into Venezuela, according to US Secretary of State Marco Rubio.