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White House says U.S. will control Venezuelan oil industry 'indefinitely'

White House says U.S. will control Venezuelan oil industry 'indefinitely'

Summary

The Trump administration has announced plans to continue controlling Venezuela's oil industry without an end date. It seized two oil tankers from Venezuela and said it will keep selling the country's oil. This is part of greater pressure on the Venezuelan government.

Key Facts

  • The U.S. government said it will manage Venezuela's oil industry for an unknown length of time.
  • Two oil tankers from Venezuela were taken over by the U.S.
  • The U.S. plans to keep selling Venezuela's oil reserves.
  • President Trump's administration has increased pressure on Venezuela.
  • In the same statement, there was a mention of potentially seizing Greenland, which belongs to NATO-member Denmark.
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