6 Feb 2026, Fri

Donald Trump: United States President Donald Trump gave a big statement on Thursday. He said that America and Venezuela together hold about 68 percent of the world’s total oil reserves. Trump said this during his address at the 74th National Prayer Breakfast held in Washington.

Trump said that America had captured Venezuela in January this year and now its oil wealth would be used. Referring to Venezuela’s poor economic condition, he said, “They were in a lot of trouble. Yet they have the most oil in the world, except maybe us.” Trump reiterated that America and Venezuela together hold 68 percent of the world’s oil reserves.

America’s military operation on Venezuela

Citing a major military action in early January, Trump said that America entered Venezuela and captured President Nicolas Maduro and his wife there. He had described this action as a major military operation. During this, Trump said, ‘Our big American oil companies will go there, spend billions of dollars, fix the oil related system which is in poor condition and sell oil on a large scale.’

‘Will run Venezuela until the regime changes’

Trump also said that America will run Venezuela until the transition of power takes place safely. However, legal questions are also being raised regarding this entire claim and military action and there is controversy over it.

Trump’s statement regarding oil
Trump said that America will further expand its oil business and will sell Venezuelan oil in the world market. Venezuela is believed to have the world’s largest oil reserves, which are about 17 percent of the world’s total oil.

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