Trump Cancels Venezuela Attacks, Seeks Oil Investment Amidst Industry Caution
15 hours agoPolitics
27LENS
44 SourcesCaracas, Venezuela
TBNthebalanced.news
Trump Cancels Venezuela Attacks, Seeks Oil Investment Amidst Industry Caution

U.S. President Donald Trump announced the cancellation of a planned second wave of attacks on Venezuela, citing cooperation from Caracas, including the release of political prisoners and efforts to rebuild the nation's oil infrastructure. Trump also stated that major oil companies pledged to invest at least $100 billion in Venezuela's energy sector. However, some executives, like ExxonMobil's CEO, expressed skepticism, deeming Venezuela "uninvestable" due to past asset seizures and a lack of durable protections, despite assurances of security and direct dealings with the U.S.

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