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Trump Eyes Venezuela Oil Opportunity After Maduro's Seizure

2/16/2026

Summary

Story summary

U.S. President Donald Trump announced plans to visit Venezuela after Nicolás Maduro's seizure.
Announcement followed a visit by U.S. Energy Secretary Chris Wright, who discussed reopening Venezuela's oil sector to foreign investment.
The Venezuelan National Assembly passed a law allowing private and foreign investment in oil, which had been under state control for two decades.
Trump framed it as a major opportunity for U.S. oil firms, though viability remains uncertain.

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Story summary

U.S. President Donald Trump announced plans to visit Venezuela after Nicolás Maduro's seizure.
Announcement followed a visit by U.S. Energy Secretary Chris Wright, who discussed reopening Venezuela's oil sector to foreign investment.
The Venezuelan National Assembly passed a law allowing private and foreign investment in oil, which had been under state control for two decades.
Trump framed it as a major opportunity for U.S. oil firms, though viability remains uncertain.