Trump Venezuela Oil Investment 2026: Attacks Canceled for $100bn Energy Deal
President Trump cancels a second wave of attacks on Venezuela as 'Big Oil' CEOs head to the White House for a potential $100 billion investment deal.
Swapping missiles for crude—Donald Trump's high-stakes gamble in Venezuela is shifting from the battlefield to the boardroom.
On Friday, January 9, 2026, President Trump announced he's canceled a second wave of military strikes against Venezuela. According to his posts on Truth Social, the decision stems from "cooperation" shown by the South American nation, specifically the release of numerous political prisoners as a gesture toward peace following the US military's abduction of Nicolas Maduro last week.
The Strategy Behind Trump Venezuela Oil Investment 2026
Trump isn't just looking for peace; he's looking for a windfall. He claims that "Big Oil" is prepared to invest at least $100 billion to modernize Venezuela's crumbling energy infrastructure. While acting interim President Delcy Rodriguez remains in Caracas, US Energy Secretary Chris Wright has asserted that Washington intends to control the country’s oil industry "indefinitely."
Big Oil's $100 Billion Bet on Venezuelan Energy
The heads of Exxon Mobil, Chevron, and ConocoPhillips are expected at the White House today to discuss what Trump calls an "immense opportunity." Venezuela sits on roughly 20% of the world's oil reserves, yet its output had plummeted to just 1% of global production by 2024 due to years of sanctions and neglect. However, the path to $100 billion in investment is steep, with industry experts citing massive security risks and the enormous cost of restoring decades-old facilities.
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