US President Denies Venezuela's Readiness for Elections, Insists on Rebuilding Oil Sector First
President Donald Trump has ruled out the possibility of new elections in Venezuela until his administration can "rebuild" the country's oil sector. The US president made these comments during an interview with Fox News anchor Sean Hannity, citing that Venezuela is not ready to hold free and fair elections due to its current state.
Trump stated that the country's collapse into a "Third World" nation has rendered it incapable of organizing a successful election. He emphasized that his administration will prioritize rebuilding the oil industry, which he expects will require investments of at least $100 billion from international companies.
This assertion comes as US officials confirmed the seizure of a fifth oil tanker linked to Venezuela. Trump plans to meet with top oil executives on Friday to discuss rebuilding efforts in the country.
Trump's stance on Venezuela has been met with skepticism by opposition leader María Corina Machado, who was awarded the 2025 Nobel Peace Prize for her work promoting democracy and human rights. Machado has repeatedly stated that she expects to win a free and fair election, garnering over 90% of the votes.
In an effort to solidify his claim on the country, Trump also announced plans to meet with Machado. However, it remains unclear whether he will recognize her as the rightful leader of Venezuela.
Meanwhile, Vice President Delcy Rodríguez has served as acting president since the operation that captured Nicolás Maduro, who was ousted from power. The current situation in Venezuela remains uncertain, with Trump's administration pushing for control over the country's oil resources and rebuilding efforts.
President Donald Trump has ruled out the possibility of new elections in Venezuela until his administration can "rebuild" the country's oil sector. The US president made these comments during an interview with Fox News anchor Sean Hannity, citing that Venezuela is not ready to hold free and fair elections due to its current state.
Trump stated that the country's collapse into a "Third World" nation has rendered it incapable of organizing a successful election. He emphasized that his administration will prioritize rebuilding the oil industry, which he expects will require investments of at least $100 billion from international companies.
This assertion comes as US officials confirmed the seizure of a fifth oil tanker linked to Venezuela. Trump plans to meet with top oil executives on Friday to discuss rebuilding efforts in the country.
Trump's stance on Venezuela has been met with skepticism by opposition leader María Corina Machado, who was awarded the 2025 Nobel Peace Prize for her work promoting democracy and human rights. Machado has repeatedly stated that she expects to win a free and fair election, garnering over 90% of the votes.
In an effort to solidify his claim on the country, Trump also announced plans to meet with Machado. However, it remains unclear whether he will recognize her as the rightful leader of Venezuela.
Meanwhile, Vice President Delcy Rodríguez has served as acting president since the operation that captured Nicolás Maduro, who was ousted from power. The current situation in Venezuela remains uncertain, with Trump's administration pushing for control over the country's oil resources and rebuilding efforts.