Key Highlights
- The move follows Washington’s surprise operation that ousted President Nicolás Maduro and signals a sharp escalation in US efforts to control Venezuela’s vast oil resources, the world’s largest proven crude reserves. Also ReadRubio says US has plan, ‘not just winging it,’ after Venezuela operation‘We definitely want to play, but not at the cost of national humiliation’: Bangladesh sports advisorAlaska Airlines pilot sues Boeing over door plug blowout incidentUS seizes Russia-flagged ‘shadow fleet’ oil tanker after dramatic Atlantic chase | WATCH‘We will cut off the hand of any aggressor’: Iran warns after Trump comments‘Thank you, my friend,’ Netanyahu tells Modi, highlights India-Israel strategic tiesPakistan turned to US amid Operation Sindoor, feared Indian strikes would resume: FARA docs US seeks control over oil flows Trump’s administration has said it intends to control the distribution of Venezuela’s oil products worldwide.
- While an existing oil embargo remains in force, the Energy Department said the “only oil transported in and out of Venezuela” will be through approved channels consistent with US law and national security interests.
- Such control could give Washington wider leverage over global oil supplies and the ability to influence prices.
- The moves reflect the administration’s push to shape Venezuela’s future through its oil sector after Trump pledged the US would “run” the country.
- Vice President JD Vance said the US could “control” Venezuela’s “purse strings” by dictating where its oil is sold.
