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.
US President Donald Trump's administration has defended a multibillion-dollar oil deal with Venezuela. According to US officials, the deal will lower oil prices for Americans and counter Russian and Chinese influence.
The agreement grants the US control of about one-fifth of Venezuelan oil reserves. It was backed by Venezuela's government-dominated National Assembly.
US Energy Secretary Chris Wright was set to arrive in Venezuela for a signing of the agreement. Oil giant Chevron is expected to announce a major expansion in Venezuela on the same day. Trump met oil executives at the White House as he tries to tame gas prices.
Brief written by urgent.news from The Age, The Sydney Morning Herald, Free Malaysia Today, Channel News Asia — 4 reports on this story. Machine-written — may contain errors; check the original before relying on it.
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- US defends Trump's Venezuela oil deal lemonde.fr
- Varcoe: 'Significant competitive threat': U.S. oil deal with Venezuela has ramifications for Alberta oilsands calgaryherald.com
- Trump kidnapped Venezuela’s president. Now he’s hijacking its future smh.com.au
- US defends Trump’s Venezuela oil deal freemalaysiatoday.com
- US tightens grip on Venezuela oil as Trump defends multibillion-dollar deal malaymail.com
- US defends Trump's Venezuela oil deal channelnewsasia.com
