Oil gives the U.S. major leverage over Venezuela. How will the Trump administration use it?

Jan 5, 2026 - 23:00
Oil gives the U.S. major leverage over Venezuela. How will the Trump administration use it?
Venezuela's state-run oil company is cutting production as a U.S. military quarantine cuts deeply into the country's fuel storage capacity, underscoring the massive economic leverage that the Trump administration wields over new leaders in Caracas.