Dawn
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18:27 Jan 07, 2026
The United States has a three-step plan for Venezuela that will begin with stabilising the country after US forces seized leader Nicolas Maduro on Saturday, ensuring that US oil companies have access to the country during a recovery phase and finally overseeing a transition, Secretary of State Marco Rubio said on Wednesday. US President Donald Trump has warned of further military operations against Venezuela if the members of Maduro’s inner circle who have stepped in to lead the country do not cooperate with his demands, which largely focus on obtaining Venezuelan oil. The Republican president said the US would refine and sell up to 50 million barrels of Venezuelan crude, as US forces continued seizing oil tankers linked to Venezuela on Wednesday. Venezuela has the world’s largest proven oil reserves, and more Venezuelan crude in the market could exacerbate oversupply concerns and add to recent pressure on prices. “The bottom line is that there is a process now in place where we have tremendous control and le...