Trump demands ‘oil back’ from Venezuela

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The US president has explained the motive behind the blockade on the Latin American state

President Donald Trump has said the United States is seeking to reclaim oil, land, and other assets from Venezuela, arguing that previous administrations allowed Caracas to strip Washington of its economic interests in the country.

Speaking to journalists on Wednesday, Trump said Venezuela had taken “oil rights” and other assets that he claimed belonged to the US, prompting his decision to impose a naval blockade on the Latin American state.

“They took our oil rights. We had a lot of oil there,” Trump said. “They threw our companies out, and we want it back.”

Trump accused previous US leadership of weakness that enabled Venezuela to seize control of assets once held by American firms. “They took it away because we had a president that maybe wasn’t watching,” he said. “But they’re not going to do that. We want it back.”

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