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(Geopolitical Economy Report) Donald Trump has openly admitted that he wants to take Venezuela's oil. Top US officials have made it clear that this is a key reason for their war on the South American nation.
Trump declared an illegal naval blockade of Venezuela on December 16. The US government aims to prevent Venezuela from selling oil to China, to starve Caracas of export revenue.
The Trump administration is also illegally blocking Venezuela from importing crucial goods, including the light crude and chemicals needed to process and refine its own heavy crude.