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Yesterday — 18 December 2025Main stream

Trump’s Claim That Venezuela ‘Stole’ U.S. Oil Fields Sets Off a Nationalist Reaction

18 December 2025 at 07:25
President Trump said the United States wanted to reclaim expropriated oil assets, setting off a nationalist reaction in a country where the resource holds a mythical status.

© Getty Images

Derricks in the Maracaibo oil fields of Venezuela in the early 20th century. American oil companies invested millions of dollars in the region, generating profits that flowed to the United States, rather than Venezuela.
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