President Donald Trump announced this week that the United States would temporarily run Venezuela following a U.S. military operation that removed Venezuelan leader Nicolás Maduro from power. Trump said the U.S. will oversee the country during an interim period and use its vast oil resources as part of the effort to stabilize and rebuild the economy.
Trump’s comments included claims that Venezuela will transfer 30 million to 50 million barrels of oil to the United States, which would be sold at market prices with proceeds controlled by Washington. He framed the plan as beneficial for both Venezuelans and the U.S., though details remain vague.
The president also suggested that American oil companies could play a role in repairing Venezuela’s damaged oil infrastructure and increasing production, despite questions from industry experts about cost, feasibility and legal frameworks.
