Venezuela crisis: Why oil is power
Donald Trump believes that through control of Venezuela's vast oil reserves he can dictate the country's future, enrich American companies and send a message to his adversaries.
Paul Kelso
Business and economics correspondent @pkelso
Friday 9 January 2026 08:27, UK
How is Trump leveraging Venezuelan oil, who are the winners and losers, and how long might it take to revive the industry?