What's happened
Guyana and Venezuela have agreed to refrain from using force and continue dialogue over the disputed Essequibo region.
Why it matters
The agreement to refrain from using force and continue dialogue is significant as it aims to defuse escalating tensions between the nations over a border dispute, which has the potential to impact regional stability and the oil industry in the area.
What the papers say
The Times emphasizes the agreement between Guyana and Venezuela to refrain from using force and continue dialogue. AP News and France 24 also highlight the agreement and the ongoing territorial dispute, while The Guardian and Al Jazeera focus on the tensions and the involvement of the United States in supporting Guyana against Venezuela's threat to annex its oil-rich western territory.
How we got here
The dispute over the Essequibo region, rich in oil and minerals, has been ongoing for over a century, but tensions escalated recently with Venezuela's claim of sovereignty over the territory and the discovery of oil in Guyana.
More on these topics
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Venezuela, officially the Bolivarian Republic of Venezuela, is a country on the northern coast of South America, consisting of a continental landmass and many small islands and islets in the Caribbean Sea.
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