U.S. to take control of major portion of Venezuelan oil wealth
The move represents President Donald Trump's latest push to establish U.S. dominance over the Western Hemisphere.
The United States is poised to gain majority control over a significant portion of Venezuela's oil reserves, according to a statement by President Donald Trump. In a recent post on Truth Social, Trump announced that Secretary of State Marco Rubio and Secretary of War Pete Hegseth, along with the interim president of Venezuela, Delcy Rodriguez, have secured this control through a partnership with private businesses.
The deal involves more than 65 billion barrels of proven oil reserves, positioning the US as the owner of the world's second-largest private oil company by reserves. This move is part of Trump's strategy to assert U.S. dominance in the Western Hemisphere, countering China's influence and adhering to the Monroe Doctrine. The arrangement is said to provide a steady supply of American petroleum for decades, without any financial burden on the American taxpayer.
Written by urgent.news from Japan Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
