US Donald Trump
World
M
Moneycontrol08-01-2026, 14:21

Trump: US Oversight of Venezuela Could Last Years, Eyes Oil Profits

  • US President Donald Trump stated that American oversight of Venezuela could last "much longer" than a year, as reported by The New York Times.
  • Trump plans to "rebuild" Venezuela "in a very profitable way," emphasizing the use and taking of Venezuelan oil to lower prices and provide money to the nation.
  • The US is reportedly "getting along very well" with the interim government of Delcy Rodriguez in Venezuela.
  • Trump unveiled a plan to refine and sell up to 50 million barrels of Venezuelan oil, previously stuck under a US blockade.
  • This move signals US coordination with the Venezuelan government following the capture of President Nicolas Maduro last weekend.

Why It Matters: Trump foresees years of US oversight in Venezuela, driven by oil interests and a profitable rebuilding strategy.

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