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Lula: Brazil Won’t Take Sides in US-Venezuela Conflict & Oil Reserves

by Emma Walker – News Editor

Brazil Declares Neutrality⁢ as US-Venezuela Tensions Escalate

São Paulo,‍ brazil ⁢- Brazil⁣ will remain neutral in the escalating tensions between the United States and Venezuela,⁣ President Luiz Inácio Lula da Silva (lula) declared Friday.‌ The ‍announcement comes as the US has increased‍ its military ⁣presence in⁤ the Caribbean, deploying over 4,000‌ personnel near the Venezuelan coast, ostensibly ​to combat “narcoterrorism.” The Trump administration ‍has​ also offered ⁤a ‍reward ⁣of up to $50 ‌million for data leading to the arrest or conviction of Venezuelan⁣ President‌ nicolás Maduro.

“Brazil will ‍be on the ⁣side where it has always been: on the⁣ side of peace,” Lula stated in a recent‍ interview with STB. “Brazil is a country that has no international litigation, and we do not want international litigation. War leads​ to nothing ⁢except killing ⁤and impoverishment. When​ there is divergence between two nations, there is nothing better, or more cost-effective, ⁤than to sit at⁣ a negotiating table and talk.”

The firm stance of neutrality underscores⁢ Brazil’s commitment to diplomatic solutions in the region. Venezuelan Vice President⁤ Delcy Rodríguez has ⁣warned that a potential US military intervention ⁤would be a “calamity”⁣ and a​ “nightmare” for ⁢the United states. ‍

Strategic Interests: ​Oil and Regional ⁣Power

The tensions are fueled by a complex interplay​ of political and economic factors. ⁣Venezuela represents a key point of​ resistance to US political influence in⁢ Latin‍ America. Crucially,the nation holds the world’s largest proven oil reserves,a ‌factor heavily influencing the dynamic.

According to⁣ data from ‌ World atlas,venezuela boasts an estimated 300.9 billion barrels⁣ of⁣ proven ⁤oil reserves as of 2024, surpassing Saudi Arabia (266.5 ‌billion barrels) and Canada (169.7 billion barrels). The top ten countries ‌with the largest ‍reserves are:

  1. Venezuela: 300.9 billion barrels
  2. Saudi Arabia: 266.5‌ billion barrels
  3. Canada: 169.7⁤ billion⁢ barrels
  4. iran: 157.8 billion barrels
  5. Iraq: 150 billion barrels
  6. Russia: 103.2 billion barrels
  7. Kuwait: 101.5 ‌billion​ barrels
  8. UAE: 97.8 billion barrels
  9. USA: 48.5 billion barrels
  10. Libya: 48.4 billion⁣ barrels

Brazil,comparatively,holds 16.2 billion barrels,‌ representing approximately 1% of global reserves, placing it 15th on the list. ⁤

The meaningful⁢ oil reserves in Venezuela add a layer⁢ of strategic importance to⁣ the current situation, possibly impacting⁢ global energy markets​ and geopolitical power dynamics. Brazil’s commitment to peace and ‌dialog positions ⁣it as a potential mediator in the ongoing⁢ dispute, advocating ⁣for‍ a⁣ negotiated resolution to ⁤avoid further ⁤instability in⁢ the⁣ region.

keywords: Brazil, Venezuela, US, Lula, Maduro, Oil Reserves, Diplomacy, Latin America, International Relations, ⁣Trump Administration, Military‌ Deployment, Peace, Conflict, Neutrality.

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