Why are people calling Venezuela oil deal a new form of US colonialism?

Critics call the US multi-billion-dollar oil deal in Venezuela modern-day colonialism. The agreement reportedly gives the US control of 20% of Venezuela’s oil reserves for decades, all without the country’s legislature’s approval. Al Jazeera’s Nour Hegazy explains. Subscribe to our channel: http://bit.ly/AJSubscribe Follow us on X : https://twitter.com/AJEnglish Find us on Facebook: https://www.facebook.com/aljazeera Check our website: http://www.aljazeera.com/ Check out our Instagram page: https://www.instagram.com/aljazeeraenglish/ Download AJE Mobile App: https://aje.news/AJEMobile