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U.S. President Donald Trump said the returns from U.S. actions in Venezuela exceeded ten times what Washington had spent on the war against Iran, pointing to Venezuelan oil, while negotiations with Tehran are still ongoing. But estimates put U.S. military spending on operations against Iran at about $47.1 billion as of October 16, while the United States imported 112.6 million barrels of Venezuelan oil during the first eight months of the year. Those imports do not mean their full value became government revenue or covered the cost of the war; independent estimates indicate that the proceeds were lower than Trump’s figures, and how they were distributed remains in question.
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