Why oil has been at the center of Venezuela-US conflicts for decades

The strikes ordered by U.S. President Donald Trump on Caracas and the capture of Nicolás Maduro have marked a turning point in Venezuela’s contemporary history, which has been defined by its oil wealth and relationship — sometimes symbiotic, often strained — with the United States. With Venezuela’s oil reserves taking center stage, Trump has promised to revive the country’s ailing hydrocarbon industry. He plans to leverage massive U.S. investments, opening a new front in the political battle in Venezuela, which has now entered an unprecedented phase.

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