Trump: US to Oversee Venezuela for Years, Control Oil Revenue

World
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CNBC TV18•08-01-2026, 18:36
Trump: US to Oversee Venezuela for Years, Control Oil Revenue
- •President Trump stated the US could oversee Venezuela and control its oil revenue for "much longer" than a year.
- •Trump plans to rebuild Venezuela "profitably" by taking oil, lowering prices, and providing funds to the nation.
- •The US is reportedly "getting along very well" with interim president Delcy Rodriguez, a Maduro loyalist.
- •Trump appeared to lift a military threat against Colombia after a "cordial" call with President Gustavo Petro.
- •US officials aim to control Venezuela's oil sales indefinitely; Trump will meet major oil companies to discuss production.
Why It Matters: Trump asserts long-term US oversight of Venezuela's oil and economy, while easing tensions with Colombia.
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