US President Donald Trump has made it clear that Venezuela is not yet ready for a new election, citing the country's economic and infrastructure collapse as major obstacles. In an interview with Fox News host Sean Hannity, Trump stated that "the country's become Third World" and would struggle to hold free and fair elections.
Trump's comments come as his administration continues its efforts to exert control over the country after the capture of President Nicolás Maduro. However, instead of pursuing a democratic transition, Trump has announced plans to "rebuild" Venezuela's oil industry, which he believes is crucial for the country's recovery.
The US president has vowed to meet with top oil executives on Friday to discuss investment plans for Venezuela, with estimates suggesting that at least $100 billion in funding will be required. Trump sees this as an opportunity to capitalize on Venezuela's vast oil reserves and reassert American influence in the region.
Trump's efforts have been met with skepticism by Venezuelan opposition leader María Corina Machado, who has repeatedly stated her intention to win elections with over 90% of the votes. The US president, however, appears unconvinced, casting doubt on Machado's ability to unite the country behind a new government.
In a surprising move, Trump announced plans to meet with Machado, sparking speculation about his intentions. While some see this as an attempt to co-opt the opposition, others view it as a cynical ploy to maintain control over Venezuela's oil resources.
As the US seeks to reassert its influence in the region, Venezuelan Vice President Delcy Rodríguez has served as acting president since the capture of Maduro. However, with Trump's plans for rebuilding the oil industry taking center stage, it remains unclear whether the opposition will be given a chance to participate in a democratic transition.
For now, it appears that Venezuela is being held hostage by its oil reserves, with the US president determined to get his hands on them at any cost. As one commentator noted, "it's clear that Trump sees Venezuela as nothing more than an opportunity for American economic gain – and that's a recipe for disaster."
Trump's comments come as his administration continues its efforts to exert control over the country after the capture of President Nicolás Maduro. However, instead of pursuing a democratic transition, Trump has announced plans to "rebuild" Venezuela's oil industry, which he believes is crucial for the country's recovery.
The US president has vowed to meet with top oil executives on Friday to discuss investment plans for Venezuela, with estimates suggesting that at least $100 billion in funding will be required. Trump sees this as an opportunity to capitalize on Venezuela's vast oil reserves and reassert American influence in the region.
Trump's efforts have been met with skepticism by Venezuelan opposition leader María Corina Machado, who has repeatedly stated her intention to win elections with over 90% of the votes. The US president, however, appears unconvinced, casting doubt on Machado's ability to unite the country behind a new government.
In a surprising move, Trump announced plans to meet with Machado, sparking speculation about his intentions. While some see this as an attempt to co-opt the opposition, others view it as a cynical ploy to maintain control over Venezuela's oil resources.
As the US seeks to reassert its influence in the region, Venezuelan Vice President Delcy Rodríguez has served as acting president since the capture of Maduro. However, with Trump's plans for rebuilding the oil industry taking center stage, it remains unclear whether the opposition will be given a chance to participate in a democratic transition.
For now, it appears that Venezuela is being held hostage by its oil reserves, with the US president determined to get his hands on them at any cost. As one commentator noted, "it's clear that Trump sees Venezuela as nothing more than an opportunity for American economic gain – and that's a recipe for disaster."