US influence on Venezuelan oil risks China debt
Reports have indicated that the administration of U.S. President Donald Trump is seeking to take control of Venezuela's oil reserves, which are estimated to exceed 65 billion barrels, in order to pressure the government and protect its economic interests. This move is part of a broader plan to restructure Venezuela’s debt, which amounts to billions of dollars, including debts owed to China estimated at less than $10 billion. These actions are seen as a more cautious effort by the United States to control potential oil resources and to address the deteriorating relations with China in the region.
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