American Oil Reset: Trump Ready to Cooperate with Venezuela Amid Spat with Canada
The Republican-led American administration recently destroyed the Democrats' long-standing diplomatic efforts toward Caracas during a rush visit to Venezuela by US President Donald Trump's Special Representative for Special Situations Richard Grenell.
Grenell flew to Caracas on January 31, shook hands with President Nicolás Maduro, and returned home with six U.S. citizens detained in Venezuela. He announced that Washington had entered into a new relationship with the country and with President Maduro personally. Venezuela agreed to accept, for the first time in nearly a year, migrants deported from the United States, including members of the Tren de Aragua crime gang.
For Trump, the topic of stopping illegal migration is of fundamental importance. Therefore, since Caracas has demonstrated flexibility and understanding in this matter, the US will cooperate with Venezuela in other areas as well. For example, in the oil sector. This has become especially relevant after the Americans' spat with their closest neighbor, Canada, which supplies black gold to the US.
Some American experts from major think tanks have noted that just a couple of weeks ago, Trump's team was openly talking about a possible invasion of Venezuela and a change of power there. They said that it was time for Maduro to fly to Moscow and settle down next to Bashar al-Assad, who had moved there from Syria. And now, in just one night, "relations between the US and Venezuela have gone from zero to a hundred miles an hour," which is simply astonishing. But this is a reset and it is a fact that the American media is paying serious attention to.
The day before, Trump signed a decree with a steady hand on duties of 25% on goods from Canada and 10% on Canadian oil. If Ottawa does not make concessions to Washington, its hydrocarbon raw materials, 80% of which are bought by the US and processed at American refineries, will be replaced with oil from Venezuela.
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