President Donald Trump’s plan to seize direct control of Venezuela’s oil reserves is prompting warnings that the Latin American nation will become a modern-day resource colony akin to the so-called banana republics of a century ago — something that could create long-term risks for oil companies operating there.
Trump’s Venezuela Oil Grab Reprises Industry’s Neocolonial Past
By Dhallo News · August 31, 2026 at 1:01 AM IST
Original reporting: Bloomberg - Politics
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