Venezuelan Oil Deal and Political Tensions: Key Developments
In a significant development, President Donald Trump announced that Venezuela is set to supply the U.S. with 30 to 50 million barrels of oil. The earnings from this transaction are intended “to benefit the people” of both nations.
To discuss the implications of this deal, the White House has scheduled a meeting with U.S. oil company leaders, including representatives from Exxon, Chevron, and ConocoPhillips. The Trump administration has been advocating for broader American involvement in Venezuela’s oil sector.
On another front, a U.S. military operation aimed at capturing Venezuelan leader Nicolás Maduro has left at least 24 Venezuelan security officers dead. Acting President Delcy Rodriguez dismissed threats from Trump, emphasizing her independence, stating, “My destiny is not determined by them, but by God.”
Venezuela’s Attorney General Tarek William Saab labeled the operation a “war crime,” noting many casualties, including 32 Cuban officers. The U.S. Pentagon reported injuries among seven American service members.
In the aftermath, the Venezuelan military posted a tribute to fallen officers, asserting their commitment to reclaim Maduro and dismantle “terrorist groups” abroad.
Venezuela’s Oil Potential and Global Impact
Venezuela’s oil transfer is a fraction of the U.S.’s daily consumption of around 20 million barrels. Despite having the largest proven oil reserves globally, Venezuela produces only one million barrels per day, compared to the U.S.’s 13.9 million.
ExxonMobil’s operations in neighboring Guyana have fueled territorial tensions with Venezuela. Venezuela’s government has considered barring future operations of companies active in Guyana.
Trump defended the military operation against Democratic criticism, highlighting bipartisan support for Maduro’s arrest due to drug trafficking allegations. He noted, “You know, at some point, they should say, ‘You know, you did a great job. Thank you. Congratulations.'”
Public Opinion and International Reactions
A Washington Post-SSRS poll reveals divided American opinions on Maduro’s capture, with about 40% supporting U.S. military involvement and 45% opposing U.S. control over Venezuela.
In response to Trump’s recent remarks, Colombia’s Foreign Affairs Minister plans to address grievances with the U.S. regarding allegations against Colombia’s president. Meanwhile, European leaders supported Greenland’s sovereignty following Trump’s comments on acquiring the territory.
