Trump’s Oil Grab in Venezuela Shatters an American Taboo
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In February 2026, the article reports that President Trump has taken control of Venezuela's oil industry after U.S. forces captured Venezuelan leader Nicolás Maduro in January. Trump's plan involves forcing Venezuela to turn over up to 50 million barrels of oil for sale by the United States and pressuring American firms to begin drilling in the country. Trump stated that the American people would be the "big beneficiaries" of this action, with some oil revenue potentially returned to Venezuela. This action marks a departure from past U.S. policy, as previous administrations, even during interventions like the Iraq War, refrained from directly seizing control of another country's oil reserves. Critics argue that Trump's plan revives memories of colonial exploitation and violates international law.
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