Trump: US to take control of 65bn barrels of Venezuelan oil
📡 Financial Times · 1 min read ·
Part of composite article Trump’s Iran War Hits 6-Month Stalemate as He Grabs Venezuela’s 65 Billion Barrels of Oil View full article →
President Donald Trump announced that the United States will take control of Venezuela’s vast oil reserves, estimated at 65 billion barrels. He said the joint venture between the two countries will help lower petrol prices for American drivers. The move marks a significant shift in US energy policy and raises questions about the legality of seizing another nation’s resources. No further details on the agreement’s terms or Venezuela’s response were provided.