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'We're in the oil business': Trump seizes Venezuela

The US President said the US could administer Venezuela and its oil reserves indefinitely

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Latika M Bourke
Jan 04, 2026
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Donald Trump swept aside concerns about regime change and US military interventions overseas as he seized control of the world’s largest oil reserves after ordering US forces to abduct the country’s widely reviled President Nicolas Máduro in a daring midnight raid on the capital Caracas.

US General Dan Caine said the operation had been planned for months…

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