US Cancels Planned Venezuela Second Strike, Sees Oil Investment
US President Donald Trump said on Friday that he has cancelled a planned second wave of military strikes on Venezuela, citing improved cooperation with the Venezuelan authorities and developments that he described as positive. Mr Trump also highlighted expectations of substantial oil sector investment tied to US companies as part of evolving relations.
Second Wave of Strikes Called Off
In a public statement, President Trump said that further military action against Venezuela “will not be needed” because cooperation between the United States and Venezuelan officials has improved. He said US forces and naval assets will remain in the region “for safety and security” but that additional strikes have been called off.
Oil Sector Investments Highlighted
Trump said major oil companies — including those from the United States — are expected to invest in rebuilding Venezuela’s energy infrastructure, and he mentioned figures in the range of $100 billion over time. This reflects shifting priorities from purely military measures toward economic engagement focused on Venezuela’s vast oil reserves.
Diplomatic and Political Context
The announcement follows controversial US military action earlier in January that resulted in the capture of Venezuelan President Nicolás Maduro during a raid in Caracas and prompted global debate over its legality and implications. Trump’s comments reflect a strategic shift towards cooperation on energy and economic fronts while maintaining a security presence.
Reaction and Implications
The plan to pivot from strikes to economic cooperation with Venezuela has drawn mixed reactions in Washington. Some lawmakers have pushed for increased congressional oversight of military actions, while others see expanded energy investment as a way to stabilise US-Venezuela relations. The evolving situation continues to attract global attention as the United States balances security, diplomacy and economic interests in the region.
