{"id":11850,"date":"2025-12-17T20:28:27","date_gmt":"2025-12-17T21:28:27","guid":{"rendered":"http:\/\/www.globaltalenthq.com\/?p=11850"},"modified":"2025-12-22T20:02:38","modified_gmt":"2025-12-22T20:02:38","slug":"trump-issues-oil-demand-to-venezuela","status":"publish","type":"post","link":"http:\/\/www.globaltalenthq.com\/index.php\/2025\/12\/17\/trump-issues-oil-demand-to-venezuela\/","title":{"rendered":"Trump issues oil demand to Venezuela"},"content":{"rendered":"
The US president has explained the motive behind the blockade on the Latin American state<\/strong><\/p>\n US President Donald Trump has said Washington is seeking to reclaim oil, land, and other assets from Venezuela, arguing that previous administrations had allowed Caracas to strip America of its economic interests in the country.<\/p>\n Speaking to journalists on Wednesday, Trump said Venezuela took “oil rights”<\/em> and other assets that he claimed belonged to the US, prompting his decision to impose a naval blockade on the Latin American state.<\/p>\n “They took our oil rights. We had a lot of oil there,”<\/em> Trump said. “They threw our companies out, and we want it back.”<\/em><\/p>\n Trump accused previous administrations of weakness, which enabled Venezuela to seize control of assets once held by American companies. “They took it away because we had a president that maybe wasn’t watching,”<\/em> he said. “But they’re not going to do that. We want it back.”<\/em><\/p>\n \n Read more<\/strong><\/span><\/p>\n Venezuela nationalized its oil industry in 1976, creating state-owned company PDVSA and ending direct foreign ownership of oil reserves, while still allowing international companies to operate under service contracts.<\/p>\n Under President Hugo Chavez in 2007, the government took majority control of large oil projects. Several Western energy companies, including ExxonMobil and ConocoPhillips, exited the country after refusing the new terms and later pursued arbitration claims.<\/p>\n The standoff comes amid an expanded US military presence in the Caribbean. Since September, US forces have conducted strikes against alleged drug traffickers operating at sea, killing more than 90 people in operations targeting what Washington describes as cartel-linked vessels. Trump has also threatened to extend strikes onto Venezuelan territory, accusing Caracas of harboring “narcoterrorists”<\/em> – allegations the Venezuelan government has denied.<\/p>\n