President Donald Trump, in an interview with the New York Times, mentioned that the United States might supervise Venezuela and manage its oil revenue for an extended period. Trump stated that the duration of U.S. oversight in Venezuela is uncertain, but he suggested it could be much longer than anticipated. He expressed intentions to revamp Venezuela’s oil industry in a profitable manner and emphasized plans to utilize and acquire oil resources to stabilize the country’s economy.
Following a recent military operation to apprehend President Nicolás Maduro, Trump unveiled a strategy to process and market around 50 million barrels of Venezuelan oil previously blocked under U.S. sanctions. He highlighted positive relations with the current interim government led by Delcy Rodríguez, a close ally of Maduro. Trump indicated regular communication between the U.S. and Rodríguez through Secretary of State Marco Rubio.
While Trump refrained from discussing support for Venezuela’s opposition, he emphasized ongoing dialogues with the current administration. The Senate passed a resolution limiting Trump’s authority to engage in military actions against Venezuela without congressional approval, reflecting a rare disagreement within the Republican Party. Despite the Senate’s move, the resolution faces significant challenges before implementation.
In efforts to stabilize Venezuela’s oil sector and economy, Trump plans to meet with top oil industry executives at the White House to explore strategies for enhancing the country’s oil production. The United States aims to exert influence over Venezuela without direct military intervention, focusing on controlling oil sales and revenues to facilitate economic recovery. U.S. Energy Secretary Chris Wright highlighted discussions with major oil companies to support Venezuela’s oil industry revitalization gradually.