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Trump Praises US-Venezuela Relations and Oil Revenue Potential

KVIA•Thursday, February 12, 2026 at 6:02 PM•CNN Newsource

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AI Summary

President Donald Trump has described the relationship between the United States and Venezuela as 'extraordinary,' highlighting recent developments in Venezuela's energy sector following Secretary of Energy Chris Wright's visit to Caracas. Trump indicated that the revival of oil production could significantly benefit the Venezuelan people financially, stating that substantial funds not seen in years are expected to flow into the country. This visit marks the highest-level U.S. engagement with Venezuela in nearly 30 years, and Trump also addressed concerns regarding energy mogul Harry Sargeant III's attempts to access Venezuela's oil reserves, asserting he lacks the authority to represent the U.S. in this matter.

Key Details: • Chris Wright's visit to Caracas was the first by a high-ranking U.S. official in nearly 30 years. • Trump emphasized the potential for significant financial benefits for the Venezuelan people from oil revenue. • Harry Sargeant III's actions regarding Venezuelan oil reserves were clarified by Trump as unauthorized.

trump venezuela energy oil diplomacy

People & Organizations

Donald TrumpVenezuelaMarco RubioCaracasChris WrightDelcy RodríguezHarry Sargeant III

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