'Me': Trump Declares Control Over Venezuela, Vows Oil Revival Before Elections

World
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Moneycontrol•06-01-2026, 09:17
'Me': Trump Declares Control Over Venezuela, Vows Oil Revival Before Elections
- •Donald Trump asserted "Me" is in charge of Venezuela, stating the US will oversee its stabilization and recovery after Nicolas Maduro's capture.
- •Elections will not be held immediately; infrastructure must be rebuilt first, a process estimated to take less than 18 months.
- •US oil companies are expected to fund much of the reconstruction, especially the energy sector, and be reimbursed by revenue.
- •Trump denied the US is at war with Venezuela, clarifying the fight is against drug sellers and those emptying prisons into the US.
- •Interim President Delcy Rodriguez is cooperating with US authorities; a second military operation is possible if cooperation fails.
Why It Matters: Trump asserts US control over Venezuela's future, prioritizing oil revival and stability before elections.
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