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Trump hints at controlling Venezuelan oil in an effort to reduce prices to $50

January 8, 2026اقتصاد – الشروق أونلاينechoroukonline.comTranslated from Arabic
Trump hints at controlling Venezuelan oil in an effort to reduce prices to $50

The Wall Street Journal reported that U.S. President Donald Trump and his advisers are considering an initiative aimed at establishing long-term American influence over the Venezuelan oil industry, with Trump believing that this move could help lower global oil prices to around $50 per barrel. The newspaper reported last night that sources familiar with the matter indicated that the plan under consideration includes the United States exerting some control over the Venezuelan state oil company 'Petroleos de Venezuela' (PDVSA), including acquiring the majority of its oil production and marketing it.

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