US President Donald Trump has claimed that the United States has secured majority control of Venezuela’s vast oil reserves, in a development he described as a major shift in America’s energy and strategic interests.
Trump made the claim while discussing US policy towards Venezuela, where Washington has maintained intense pressure over the country’s political leadership and oil industry.
According to the report, the development is linked to efforts by the Trump administration to increase US influence over Venezuela’s petroleum sector and ensure greater access to the country’s significant crude oil resources.
Venezuela holds the world’s largest proven crude oil reserves, making its oil industry strategically important to global energy markets.
The reported US move is expected to attract significant international attention, particularly over questions surrounding Venezuela’s sovereignty, control of its natural resources and the role of American companies in the country’s oil sector.
