Venezuela Rejects Trump's Oil Claims, Warns Against 'Energy Greed'

World
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Moneycontrol•09-01-2026, 01:43
Venezuela Rejects Trump's Oil Claims, Warns Against 'Energy Greed'
- •Venezuela's acting president Delcy Rodríguez accused US President Donald Trump of "energy greed" over claims of US control over Venezuelan oil.
- •Rodríguez rejected Trump's assertions that the US would manage Venezuela's oil production, sales, and revenues for years.
- •Trump stated Venezuela would send 30-50 million barrels of crude to the US, with proceeds managed under US oversight as a "win-win."
- •Caracas insists on mutually beneficial energy relationships and commercial agreements, ruling out any unilateral arrangements.
- •The dispute escalates with US forces seizing Venezuelan oil tankers and plans for US oversight of all future oil sales and transactions.
Why It Matters: Venezuela rebuffs US claims of control over its oil, asserting sovereignty against "energy greed."
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