US oil firms to move into Venezuela
World
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Moneycontrol03-01-2026, 22:46

Trump Opens Venezuela Oil to US Firms After Military Op; Warns of More Action

  • President Trump announced US companies can enter Venezuela to tap its oil reserves following a military operation.
  • He stated US investment would revive Venezuela's "bust" energy sector, with firms spending billions to fix infrastructure and restore production.
  • Trump warned of potential "much larger" military action if required, stating the US was "ready."
  • Despite initial preparations for a "second wave," Trump suggested further attacks are now unlikely due to the success of the overnight operation.
  • The move underscores Washington's intent to reshape Venezuela's future, focusing on its oil sector.

Why It Matters: Trump opens Venezuela's oil to US firms post-military op, signaling US intent to reshape its future.

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