Get all your news in one place.
100's of premium titles.
One app.
Start reading
International Business Times UK
International Business Times UK
Marty Vergel Baes

Donald Trump Hints at US Taxpayer-Backed Oil Rebuilding in Venezuela — Who Benefits Most?

Critics focused less on the substance of Trump's remarks and more on their timing. (Credit: AFP News)

In a dramatic turn of international policy, Donald Trump has suggested that ordinary Americans might underwrite oil companies' costs to rebuild Venezuela's shattered oil infrastructure. The US President's comments have sent shockwaves through Washington, Wall Street and Latin America as questions grow about who truly stands to gain—and who could ultimately pay the price.

With Venezuela home to the world's largest crude reserves, Trump's suggestion that firms could be reimbursed by the U.S. government or future oil revenue has ignited debate on the economic, political and human stakes. The proposal comes just days after a US military operation led to the capture of Venezuela's President Nicolás Maduro.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.