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The Guardian - US
The Guardian - US
World
Aram Roston in Washington

The truth behind Donald Trump’s ‘biggest oil deal in world history’

An oil pumpjack stands on a platform above Lake Maracaibo at dusk, silhouetted against a purple sky
An oil pumpjack at Lake Maracaibo in Cabimas, Venezuela. Photograph: Leonardo Fernández Viloria/Reuters

Donald Trump has long coveted the oilfields of other nations and declared an agreement with Venezuela to be “the biggest oil deal in world history”. But the agreement, reached after the US seized Venezuelan president Nicolás Maduro, is almost certainly doomed to collapse amid a wide array of legal and logistical issues, a Guardian investigation has found.

The US president first mused about taking oil from Iran in 1987, when he told ABC’s Barbara Walters that Iranian attacks on American shipping during the Iran-Iraq war required an extreme response. “Why couldn’t we go in and take over some of their oil, which is along the sea?” he asked. Over the ensuing years, he has returned frequently to the idea that the US should seize oil from other countries after military conflict, from Libya to Iraq.

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