Trump kidnapped Venezuela’s president. Now he’s hijacking its future
Donald Trump’s oil grab has all the trademarks of one of his deals - bold, aggressive and unrealistic with more than a healthy dose of self-interest.
The US has secured a multibillion-dollar oil deal with Venezuela, granting Washington control of about one-fifth of Venezuelan reserves. According to US officials, the agreement will lower oil prices for Americans and counter Russian and Chinese influence.
US President Donald Trump met with oil executives at the White House as he tries to tame gas prices that are spiralling due to the Iran war. Trump said on his Truth Social network that the deal would help "unleash American Energy Dominance".
The Venezuelan National Assembly, dominated by the government, has backed the deal. US Energy Secretary Chris Wright was set to arrive in Venezuela for a signing ceremony. Oil giant Chevron is expected to announce a major expansion in Venezuela.
Brief written by urgent.news from The Sydney Morning Herald, Free Malaysia Today, Channel News Asia — 3 reports on this story. Machine-written — may contain errors; check the original before relying on it.
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- Trump kidnapped Venezuela’s president. Now he’s hijacking its future theage.com.au
