DiscoverMarkets & Money Today | 2 Min News | The Daily News Now!Petro: US Actions in Venezuela About Oil, Not Drugs
Petro: US Actions in Venezuela About Oil, Not Drugs

Petro: US Actions in Venezuela About Oil, Not Drugs

Update: 2025-11-26
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Colombian President Petro accuses Trump administration of targeting Venezuelas oil reserves, not drug trade, as the primary motivation for increased military actions. Despite U.S. sanctions, Venezuelas oil exports have surged, becoming crucial for China and India. Any new U.S. enforcement could disrupt global heavy crude markets, while refiners along the Gulf Coast have shifted to heavier grades from the Middle East and Guyanas Stabroek field.

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Petro: US Actions in Venezuela About Oil, Not Drugs

Petro: US Actions in Venezuela About Oil, Not Drugs