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The Conversation
Aaron Coy Moulton, Associate Professor of Latin American History, Stephen F. Austin State University

Before Venezuela’s oil, there were Guatemala’s bananas

A woman walks past a banner that says 'against foreign intervention,' in Spanish, in Guatemala in 1954. Bettmann/Getty Images

In the aftermath of the U.S. military strike that seized Venezuelan President Nicolás Maduro on Jan. 3, 2026, the Trump administration has emphasized its desire for unfettered access to Venezuela’s oil more than conventional foreign policy objectives, such as combating drug trafficking or bolstering democracy and regional stability.

During his first news conference after the operation, President Donald Trump claimed oil companies would play an important role and that the oil revenue would help fund any further intervention in Venezuela.

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