Guyana and Venezuela, facing a territorial dispute over a border region rich in oil and minerals, failed to reach an agreement but pledged not to use threats or force against each other, Associated Press reports.
Guyanese President Irfaan Ali and Venezuelan President Nicolás Maduro agreed to establish a joint commission with foreign ministers and officials to address the issue, with a report expected within three months.
Tensions over the Essequibo border region have raised concerns about potential military conflict, although many view it as unlikely. The dispute, dating back a century, was reignited by recent oil discoveries in Guyana.
