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Reading: Trump declares national emergency… Venezuelan oil in the line of fire
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BusinessOil And Gas

Trump declares national emergency… Venezuelan oil in the line of fire

Trump and the impact of Venezuelan oil on the global economy

مدحت الشيخ
Last updated: 11/01/2026 3:44 pm
Medhat Elsheikh
مدحت الشيخ
ByMedhat Elsheikh
News Editor
Medhat El-Sheikh, editor-in-chief of the Voice of Emirates News Agency office in Cairo, is a seasoned Egyptian journalist with extensive experience both within Egypt and abroad....
- News Editor
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Trump declares national emergency... Venezuelan oil in the line of fire
Venezuelan oil is in the line of fire (Photo/Archive)
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Washington, DC – In a surprising and dramatic move, US President Donald Trump declared a national emergency, aiming to protect Venezuelan oil revenues amid escalating tensions with the current administration. The declaration comes at a sensitive time, as Venezuela faces significant internal and external pressure due to economic sanctions. There are also attempts by some foreign companies to reclaim their rights to oil production.

Informed sources indicate that the decision followed mounting pressure from US and Spanish oil companies. These companies are seeking to ensure the uninterrupted flow of Venezuelan oil to global markets, fearing price volatility and its direct impact on the global economy.

Analysts suggest this move could escalate the political conflict between Washington and Caracas. It also brings the Venezuelan oil issue back to the forefront of international concerns, especially given fears of any potential disruption to oil supplies. This could lead to a new surge in energy prices and directly impact global markets.

Trump emphasized that protecting the interests of American companies is not merely an economic choice, but a “national imperative” for maintaining the economic security of the United States. This is a clear message that economics and politics are inextricably linked in Washington, raising questions about the precise boundaries between foreign policy and private economic interests.

Observers believe this move reflects Trump’s long-standing strategy of leveraging the vital resources of other countries to secure the interests of American companies. This approach has sparked considerable debate among political and economic analysts. This places Venezuela once again at the center of global oil and political attention.

TAGGED:AmericaTrumpVenezuela
SOURCES:Voice Of EmiratesNewswires
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