Former President Trump has announced a potential agreement granting the United States control over a significant portion of Venezuela’s oil reserves. He claims the deal would give the US majority ownership of over 65 billion barrels of Venezuelan oil. Details of the proposed arrangement remain unclear, raising questions about its legality and international implications. This move appears to be connected to outstanding debts owed to US companies and individuals by the Venezuelan government. Critics suggest this could be seen as a form of asset stripping, further destabilizing the already fragile South American nation. The announcement comes amidst ongoing political and economic turmoil in Venezuela, and evolving US policy towards the region. The long-term impact of such a seizure remains to be seen.