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The Guardian - US
The Guardian - US
World
Tiago Rogero South America correspondent

Maduro says the real reason for Trump’s Venezuela fixation is oil – is he right?

an oil pumpjack with a gas-flaring chimney in the background
A Petróleos de Venezuela SA (PDVSA) oil pumpjack on Lake Maracaibo in Cabimas, Zulia state, Venezuela, in 2023. Photograph: Gaby Oraa/Bloomberg via Getty Images

Venezuela’s dictator, Nicolás Maduro, says the real motive behind the massive US military buildup in the Caribbean is oil: his country has the largest proven reserves in the world.

The US state department denies this, insisting that the airstrikes on boats that have killed more than 80 people and the vast military deployment off South America are part of a campaign against drug trafficking.

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