US EditionUPDATE: Trump Relaxes Venezuelan Oil Embargo, Benefiting MAGA Billionaire
6 Articles
6 Articles
Trump plans to push the price with Venezuelan oil. New US sanctions could further isolate Russia.
UPDATE: Trump relaxes Venezuelan oil embargo, benefiting MAGA billionaire
President Donald Trump at his Mar-a-Lago residence in Palm Beach, Florida, on January 3, 2026. (Photo by Jim WATSON / AFP via Getty Images)On Monday, Popular Information reported that the U.S. military raid that removed Venezuelan President Nicolás Maduro from power could be a financial windfall for Paul Singer, a Trump-supporting billionaire.Singer, through a company called Amber Energy, purchased Citgo, the U.S. subsidiary of Venezuela’s state…
U.S. President Donald Trump said his country’s supervision of Venezuela does not have a set deadline. In an interview with *The New York Times*, he stated that “only time will tell” about the duration, without ruling out the extension of “much more” than a year. Trump explained that Venezuelan oil resources will be used to finance the reconstruction of the country, using revenues to purchase U.S. products, such as food, medicines, medical device…
The commodity from the South American country could further increase supply in an oversaturated market
Oil prices fall after Donald Trump confirms US will seize and sell up to 50 million barrels of Venezuelan oil. Yale professor calls maneuver "imperialist" and warns of consequences.
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