Trump Vows to Make Venezuela Rich. It Will Take More Than U.S. Cash.
History suggests that the price of oil and a wider distribution of wealth are as important as foreign investment.
Last updated: 2026-01-15 11:58:17 ET
History suggests that the price of oil and a wider distribution of wealth are as important as foreign investment.
Concerns about a U.S. strike on Iran had been mounting after Trump vowed to take action against the regime’s crackdown on widespread protests in the country.
Russia could face costly write-offs in Venezuela on its oil assets and arms loans, think tank analyst says
Asian shares are mostly lower after Wall Street retreated on Big Tech losses
Oil experts are factoring in the possibility of revolutionary upheaval in Iran as tensions with the U.S. flare back up.
There's renewed focus on the oil industry since the U.S. seized Venezuela's president. The benefits for Texas, which has many oil companies and the most refining capacity in the U.S., could be mixed.
Stocks close lower, oil slides, plus economic risks to markets
The Trump administration has not yet disclosed many details about the deal.
Trump told reporters in the Oval Office that "we've been told that the killing in Iran is stopping. It's stopped. It's stopping, and there's no plan f...
Bank earnings in focus, oil prices rise on Iran tensions