US President Trump announces plans to secure Venezuelan oil resources
January 4, 2026 • Al Jazeera
US President Donald Trump has announced that the United States plans to take control of Venezuela’s oil reserves. He stated that the country’s resources should be used to reimburse Washington for past expenditures.
According to Trump, the US will assume responsibility for managing Venezuela’s oil production and distribution. The president also indicated that the US would “run” Venezuela after seizing President Nicolas Maduro and transporting him to New York.
The statement was made by Trump in a recent public address. Details of the plan are not yet clear, but it is reported that the US has been considering various options for addressing Venezuela’s economic crisis.
It is worth noting that the Venezuelan government has previously stated its opposition to any external intervention in the country’s affairs. Maduro has maintained that his government will continue to operate independently and make its own decisions regarding its resources.
The US has a long-standing interest in Venezuela’s oil reserves, which are among the largest in the world. The country’s economic crisis has led to widespread instability and humanitarian concerns.
Further information on the plan is expected to be released in the coming days.
Source: Al Jazeera