💨 Abstract

President Donald Trump demanded that Venezuela return assets seized from U.S. oil companies, citing lost investments and justifying a blockade against sanctioned oil tankers. The U.S. has accused Venezuela of using oil to fund drug trafficking and other crimes. Trump's administration has taken military actions, including seizing a tanker and striking suspected drug boats. Venezuela's nationalization of its oil industry in the 1970s and 2000s led to disputes over compensation.

Courtesy: WTOP Staff