This is an AI generated image.
World
F
Firstpost08-01-2026, 00:58

US to Control Venezuela Oil Sales Indefinitely; Rubio Details Transition Plan

  • US plans indefinite control over Venezuela's oil sales, using revenues to stabilize the nation and guide economic/political transition.
  • Trump administration's strategy, detailed by Chris Wright and Marco Rubio, shifts to direct economic management after Nicolás Maduro's capture.
  • Rubio outlined a three-step plan: stabilization post-Maduro, economic recovery ensuring market access for US/Western companies, and political transition.
  • The recovery phase includes national reconciliation, amnesty for opposition, and rebuilding civil society.
  • Critics question sovereignty, long-term US involvement, and intentions in Latin America's largest proven oil reserves.

Why It Matters: US asserts indefinite control over Venezuela's oil to manage its transition, sparking sovereignty concerns.

More like this

Loading more articles...