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Venezuela crisis: Why oil is power for Donald Trump
Posted
January 9, 2026
Views
40,908
Likes
253
Comments
99
Engagement
0.86%
January 9, 2026
40,908
253
99
0.86%
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5:25Now PlayingDonald Trump has said the US will now control Venezuela's oil industry, bringing in American companies to rebuild infrastructure and reverse declining production.
Venezuela has the largest oil reserves in the world, and Trump has been clear that the commercial opportunity this represents for the US was a significant reason for the removal of the country's president Nicolas Maduro.
Sky's business and economics correspondent Paul Kelso explains.
#skynews #breakingnews #oil #venezuela #trump
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