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Oil Interests: From Iraq to Venezuela's Turmoil

2/10/2026

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Story summary
  • Critics argued President George W. Bush pursued oil interests in the 2003 Iraq invasion, coining 'No blood for oil'.
  • The Bush administration maintained it did not seek to control Iraq's oil.
  • Chinese companies emerged as the primary beneficiaries of Iraq's oil sector.
  • U.S. President Donald Trump aimed to control Venezuela's oil after capturing Nicolás Maduro.