Trump Speaks on Venezuela Oil Deal: Implications for US Energy Security and Global Markets President Trump's comments on a potential deal with Venezuela to cooperate on oil exports have sparked debate over its implications for US energy security and global markets.
The agreement would benefit the US, Venezuela, or both parties, depending on how sanctions are handled. The Context of the Venezuelan Crisis The crisis in Venezuela began in 1999 when Hugo Chávez first took power.
His successor, Nicolás Maduro, has since presided over economic chaos, marked by food and medicine shortages, hyperinflation, and a crumbling oil industry.