Washington: The United States is preparing to take operational control of Venezuela’s vast oil reserves following recent military action and the detention of President Nicolás Maduro, a move that could reshape the geopolitics of global energy markets. U.S. President Donald Trump has openly stated that Washington’s involvement in Venezuela will be economically beneficial for America while also reshaping the crisis-hit nation’s oil sector.
Speaking in an interview, Trump said the U.S. intends to directly manage Venezuela’s oil production and sales, asserting that American oversight could continue for an extended period. According to him, the arrangement would allow the U.S. to extract oil, stabilise global prices, and generate substantial revenue, while simultaneously directing financial assistance to Venezuela.
“Only time will tell how long this lasts, but I see it going on much longer,” Trump said, indicating that U.S. supervision would not be temporary. He added that American oil companies would be brought in to rebuild Venezuela’s deteriorated energy infrastructure, claiming the process would not impose financial strain on Washington.
Trump also remarked that the U.S. administration is maintaining smooth relations with Venezuela’s interim leadership, suggesting that cooperation between the two sides has improved following the political upheaval. He said U.S. firms would modernise oil facilities in a “very profitable way,” turning Venezuela’s natural resources into a revenue engine under American management.
The U.S. President made it clear that oil extracted from Venezuela would be used strategically, both to control fuel prices globally and to generate income. He said part of the earnings would be channelled back to Venezuela, which he described as being in urgent need of financial stability after years of economic collapse.
The announcement has triggered international debate, with critics questioning the legality of foreign control over a sovereign nation’s natural resources.
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