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The Trump administration said it will dictate decisions to Venezuela’s interim leadership and control oil sales indefinitely after toppling Nicolas Maduro, escalating tensions over sovereignty and US dominance.

US says to dictate Venezuela decisions, oil sales

The Trump administration said it will dictate decisions to Venezuela&rsquo;s interim leadership and control oil sales indefinitely after toppling Nicolas Maduro, escalating tensions over sovereignty and US dominance.

US President Donald Trump's administration said Wednesday it will dictate decisions to Venezuela's interim leaders and control the country's oil sales "indefinitely" after toppling Nicolas Maduro.
The United States could effectively run Venezuela and tap into its oil reserves for years, Trump later told the New York Times.
The American leader's assertion of US dominance over the oil-rich South American country comes despite its interim leader Delcy Rodriguez saying there is no foreign power governing Caracas.
"There is a stain on our relations such as had never occurred in our history," Rodriguez said about the US attack to depose her predecessor.
US special forces snatched president Maduro and his wife on Saturday in a lightning raid and whisked them to New York to face trial on drug and weapons charges, underscoring what Trump has called the "Donroe Doctine" of US dominance over its backyard.
"We obviously have maximum leverage over the interim authorities in Venezuela right now" following the capture operation, White House Press Secretary Karoline Leavitt told a briefing.
"We're continuing to be in close coordination with the interim authorities, and their decisions are going to continue to be dictated by the United States of America."
Trump has said the United States will "run" Venezuela, which has the world's largest proven oil reserves.
"They're giving us everything that we feel is necessary," Trump told the Times. "Don't forget, they took the oil from us years ago.
When asked if US control of the country would last three months, six months or a year, Trump told the paper: "I would say much longer."
But Washington has no boots on the ground, and appears to be relying on a naval blockade and the threat of further force to ensure the cooperation of the interim president.
Meanwhile Caracas announced Wednesday that at least 100 people were killed in the US attack and a similar number injured.
Among those hurt were Maduro and his wife Cilia Flores, Interior Minister Diosdado Cabello said.
The couple were seen walking on their own power during a New York court arraignment earlier this week.
According to Havana, the death toll includes 32 members of the Cuban military. Maduro, like his firebrand predecessor Hugo Chavez, employed specialized Cuban soldiers as bodyguards.
 - 'Not just winging it' -
Trump's administration -- which has so far indicated it intends to stick with Rodriguez and sideline opposition figures, including Nobel Peace Prize winner Maria Corina Machado -- has given few details about its plans.
Secretary of State Marco Rubio insisted on Wednesday, after meeting lawmakers on Capitol Hill who have been critical about the post-Maduro planning, that the United States was "not just winging it."
But so far, the US plan relies heavily on what Trump said on Tuesday was an agreement for Venezuela to hand over between 30 million and 50 million barrels of oil to the United States for it to then sell.
Trump said Wednesday that under the deal Venezuela "is going to be purchasing ONLY American Made Products, with the money they receive" from the oil profits they receive.
That would include agricultural products, machinery, medical devices and energy equipment, he added.
Rubio said that in a second "recovery" phase, US and Western companies would have access to the Venezuelan market and "at the same time, begin to create the process of reconciliation nationally within Venezuela."
Venezuela's state oil firm said it was discussing oil sales with the United States for the "sale of volumes of oil" under existing commercial frameworks.
But Washington is looking at longer term control, according to Energy Secretary Chris Wright.
"We're going to market the crude coming out of Venezuela, first this backed-up stored oil, and then indefinitely, going forward, we will sell the production that comes out of Venezuela," Wright said Wednesday.
 - 'Immense opportunity' -
Trump will on Friday meet executives from US oil companies, whom he has said will invest in Venezuela's crumbling facilities, despite no firm having yet made such pledges amid the turmoil in the country.
"It's just a meeting to discuss, obviously, the immense opportunity that is before these oil companies right now," Leavitt told reporters.
Trump also invited leftist Colombian President Gustavo Petro to meet at the White House "in the near future," after the two leaders had their first phone call Wednesday since Trump took office last year.
Washington moved further to stamp its authority on Venezuela when it seized two oil tankers, including a Russian-linked vessel that it pursued from Venezuela to the North Atlantic.
Moscow condemned the operation but Leavitt insisted the oil tanker had been "deemed stateless after flying a false flag."

US President Trump says America will oversee Venezuela and control its oil reserves for years after capturing Maduro.

Trump expects long-term US control over Venezuela oil

US President Trump says America will oversee Venezuela and control its oil reserves for years after capturing Maduro.

US President Donald Trump said Wednesday he expected the United States to run Venezuela and tap into its oil reserves for years after toppling Nicolas Maduro.
Trump told the New York Times "only time will tell" how long the US would demand direct oversight of the South American country.
But when asked whether that meant three months, six months or a year, Trump told the paper: "I would say much longer."
The American leader's assertion of US dominance over oil-rich Venezuela comes despite its interim leader Delcy Rodriguez saying there is no foreign power governing Caracas.
US special forces snatched president Maduro and his wife on Saturday in a lightning raid and whisked them to New York to face trial on drug and weapons charges.
The Trump administration had since said it would dictate decisions to Venezuela's leaders and control the country's oil sales "indefinitely."

India has expressed concern over recent developments in Venezuela following the US capture of Nicolás Maduro, urging all parties to pursue dialogue and ensure safety and well‑being of the Venezuelan people.

EAM S Jaishankar urges dialogue, expresses concern over Venezuela crisis

India has expressed concern over recent developments in Venezuela following the US capture of Nicol&aacute;s Maduro, urging all parties to pursue dialogue and ensure safety and well‑being of the Venezuelan people.

India has expressed concern over recent developments in Venezuela, where former President Nicolas Maduro and his wife, Cilia Flores, were captured by US forces following airstrikes in Caracas.
Speaking at an event in Luxembourg on Tuesday, External Affairs Minister S Jaishankar stressed the importance of dialogue to ensure the safety and well-being of the Venezuelan people.
&ldquo;We are concerned at the developments, but we would really urge all the parties involved to now sit down and come to a position which is in the interest of the well-being and the safety of the people of Venezuela,&rdquo; Jaishankar said.
Highlighting India&rsquo;s long-standing relations with Venezuela, the minister added, &ldquo;&hellip;at the end of the day, that is our concern, that we would want Venezuela, the country with whom over many, many years we've had very good relations, and (its) people to come out well from whatever is the direction of events.&rdquo;
The crisis escalated after US Delta Force personnel reportedly captured Maduro and his wife on January 3, following months of threats from former US President Donald Trump, who had accused Maduro of running drug cartels and engaging in narco-terrorism. The couple was flown to the United States and is now lodged in a Brooklyn jail.
Maduro appeared in a Manhattan court on Monday, pleading not guilty to federal drug trafficking charges. Speaking in Spanish, he declared himself &ldquo;president of my country&rdquo; and maintained he was &ldquo;innocent, not guilty, and a decent man.&rdquo; The court is scheduled to hear the case next on March 17.
In the wake of Maduro&rsquo;s detention, Venezuela&rsquo;s Vice President Delcy Rodriguez has assumed the presidency, following guidance from the country&rsquo;s top court.
India&rsquo;s Ministry of External Affairs (MEA) reiterated its concern on Monday, emphasizing that all issues should be resolved peacefully through dialogue. The MEA stated that the Embassy of India in Caracas remains in contact with the Indian community and will continue to provide necessary assistance.
The government also advised Indian nationals to avoid non-essential travel to Venezuela and recommended that citizens in the country exercise extreme caution and limit their movements amid the escalating tensions.

Oil prices fell further after Donald Trump said Venezuela would transfer millions of barrels to the US, easing supply concerns, while Asian equity markets showed mixed trends despite optimism around AI-driven growth.

Oil prices extend losses as Trump announces Venezuela oil transfer

Oil prices fell further after Donald Trump said Venezuela would transfer millions of barrels to the US, easing supply concerns, while Asian equity markets showed mixed trends despite optimism around AI-driven growth.

Oil extended losses Wednesday after Donald Trump said Venezuela would turn over millions of barrels to the United States, while equities wobbled after a record-breaking start to the year.
Crude has seen wild swings since the US president ordered the toppling Saturday of Nicolas Maduro, his counterpart in Caracas, and said Washington would run the country while demanding "total access" to its key resource.
But it sank as much as two percent Tuesday and around one percent Wednesday after Trump announced the latest development.
"The Interim Authorities in Venezuela will be turning over between 30 and 50 MILLION Barrels of High Quality, Sanctioned Oil, to the United States of America," he wrote on his Truth Social platform.
"This oil will be sold at its market price, and that money will be controlled by me, as President of the United States of America, to ensure it is used to benefit the people of Venezuela and the United States."
Analysts said the shipments lowered the risk that Caracas would have to cut output owing to its limited storage capacity, easing supply concerns, but added that the outlook for the commodity was lower prices.
That comes as the crude market remains well stocked after OPEC+ agreed to boost output.
Venezuela sits on about a fifth of the world's oil reserves, but observers pointed out that a quick ramp-up of output would be hamstrung by several issues including its creaking infrastructure, low prices and political uncertainty.
Equity markets fluctuated after a strong start to the year that has already seen Seoul following London and New York in hitting record highs thanks to the relentless rush into all things artificial intelligence.
South Korea's Kospi index continued its run-up Wednesday, while Sydney, Singapore, Shanghai, Wellington and Jakarta also rose.
However, Hong Kong dipped along with Taipei and Manila, while Tokyo slid after China imposed tougher export controls on products sent to Japan with potential military uses.
Still, despite rising geopolitical tensions, analysts remain upbeat about the outlook for equities this year.
"Participants remained squarely focused on what remains a robust bull case of resilient economic growth and robust earnings growth, largely in keeping with that which powered the market higher last year," wrote Michael Brown at Pepperstone.
He pointed to "expectations for considerably looser monetary and fiscal backdrops through the next twelve months".
"My view remains that the 'path of least resistance' continues to lead to the upside, and that any dips -- were they to occur -- continue to represent buying opportunities."

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