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MNN US · January 5, 2026 · 1 min read

Trump signals intent to seize Venezuelan oil amid tensions

What happened: President Trump has expressed a long-standing desire to take control of Venezuela's oil resources, now citing it as a key reason for action against Nicolás Maduro's government.

Why it matters:

  • Could escalate US-Venezuela tensions and impact regional stability.
  • Affects global oil markets and Venezuelan economy dependent on oil exports.

MNN Take: While the White House officially cites drug trafficking and migration concerns, oil has become a central focus in US policy towards Venezuela under Trump.

Sources: NYTimes US