Trump: Venezuela Set for Historic Oil Windfall with U.S. Help
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President Donald Trump says Venezuela will earn more from oil in the next six months than it has in two decades, thanks to American involvement.
"Venezuela is going to make more money in the next six months than they've made in the last 20 years," Trump stated. "Every major oil company is coming in with us."
The comments suggest a major shift in U.S. policy. For years, the U.S. has imposed strict sanctions on Venezuela's oil sector to pressure President Nicolás Maduro's government.
Trump's statement implies direct U.S. support for reviving Venezuela's crippled oil industry. The plan appears to involve partnering with international energy firms.
The Venezuelan government has not yet responded to the claim. The country's oil output has collapsed in recent years due to economic crisis and sanctions.