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Trump makes big claims about Venezuelan oil: What's the reality? | DW News
Posted
January 5, 2026
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January 5, 2026
56,701
563
427
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8:49Now PlayingVenezuela's ousted president Nicolas Maduro is expected to appear at a New York City court on Monday to face drug and weapons charges. The US military seized Maduro and his wife in an operation early on Saturday morning in Caracas. The White House is now ramping up pressure on Venezuela's interim leader Delcy Rodriguez, warning her she could yet face the same fate as Maduro. Meanwhile in the Venezuelan capital Caracas, people are coming to terms with the shock of what unfolded over the weekend.
US President Donald Trump has reiterated his claim that the US is now "in charge" of Venezuela. One sector he claims Washington will assert that control over is oil. Venezuela sits on the world's largest proven oil reserves but for years, the industry there has been in freefall. Trump claims that US oil companies are set to return to the country to revamp the sector
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