Trump Demands Venezuela Return Seized Oil Assets
Update: 2025-12-18
Description
President Trump demands Venezuela return seized U.S. oil assets, citing a blockade on sanctioned tankers. Trump claims these assets were taken illegally, while Venezuela nationalized its oil industry in the 1970s and 2000s. Deputy Chief of Staff Stephen Miller likens nationalization to a heist, alleging it funded terrorism and drug trafficking. Trump also designates Venezuela as a terrorist organization, though officials clarify no change to the official list. Venezuela responds with diplomatic efforts and demands for asset release.
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