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Strategies & Market Trends : World Outlook

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To: Les H who wrote (49763)	12/23/2025 12:55:36 PM
From: Les H	Read Replies (3) of 49876

Did Venezuela 'illegally' steal U.S. oil, as Trump claimed? What to know Under international law, Venezuela has control over its own oil — but its efforts to nationalize its oil industry in 2007 did result in arbitration. Rae Deng Published Dec. 22, 2025 Did Venezuela 'illegally' steal U.S. oil, as Trump claimed? What to know \| Snopes.com It's illegal to blockade the oil tankers in international waters and illegal to seize the oil. Any oil production-sharing contracts between the oil companies and Venezuela has long ago expired. They typically run for less than 20 years. They have no rights to the oil or a share of the revenue from the oil that's produced.

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