U.S. President Donald Trump announced Friday that he has decided to cancel a second wave of attacks initially planned against Venezuela, citing cooperation from the South American nation. This decision comes after a previous threat of military action following the capture of Nicolás Maduro.
Shift in Approach
According to a message posted on his social media platform, Truth, the second wave of attacks “seems unnecessary.” The President stated that Venezuela is releasing a significant number of political prisoners as a demonstration of its “search for peace,” which he described as a “very important and smart” gesture. The Department of State also disseminated this message on the platform X.
Trump further noted that the United States and Venezuela are “working together,” particularly on the reconstruction of the country’s oil and gas infrastructure, in a “much bigger, better, and more modern” way. He indicated that this cooperation prompted the cancellation of the planned military action, though he clarified that “all ships will remain in place for security reasons.”
Investment Expected
The President also stated that major oil companies are expected to invest at least $100 billion in Venezuela. He is scheduled to meet with representatives from these companies at the White House Friday to discuss plans for crude oil extraction.
It is possible that this change in approach could lead to increased oil production from Venezuela, potentially impacting global energy markets. However, the long-term stability of this cooperation remains uncertain. Analysts expect the outcome of the White House meeting with oil companies will be a key indicator of future developments.
Frequently Asked Questions
What prompted the cancellation of the attacks?
According to the President, the cancellation was prompted by cooperation from Venezuela, specifically the release of a significant number of political prisoners.
Will the U.S. military presence near Venezuela change?
No, the President stated that “all ships will remain in place for security reasons.”
What is the expected level of investment in Venezuela’s oil industry?
Major oil companies are expected to invest at least $100 billion, according to the President.
How might this shift in U.S. policy toward Venezuela affect regional dynamics and international energy markets?
