How much of Trump’s foreign policy is driven by minerals and oil?
Oil industry expert Daniel Yergin argues that the US is desperate to have supply chains independent of China.

Oil industry expert Daniel Yergin argues that the US is desperate to have supply chains independent of China.








![U.S. President Donald Trump holds a press conference following a U.S. strike on Venezuela where President Nicolas Maduro and his wife, Cilia Flores, were captured, from Trump's Mar-a-Lago club in Palm Beach, Florida, U.S., January 3, 2026. [Jonathan Ernst/Reuters]](/wp-content/uploads/2026/01/2026-01-03T165300Z_824548544_RC2STIA7D0LY_RTRMADP_3_USA-VENEZUELA_cropped-1767460525.jpg?resize=770%2C513&quality=80)
Many of the smaller firms have connections to Denver, Colorado, the home turf of Energy Secretary Chris Wright.

The US seized a fifth oil tanker in the Caribbean as Washington ramps up seizing on sanctioned Venezuelan oil shipments.
US president also says he will meet oil executives at tWhite House on Friday to discuss Venezuela’s oil industry.
US oil company executives are expected to meet with Trump to discuss investments in Venezuela’s oil sector.

Venezuela’s interim leader has hit back at US plans to indefinitely control her country’s oil wealth.
Venezuela’s interior minister says US operation to abduct Maduro killed 100 people and wounded dozens.
Venezuela has the largest oil reserves, the ninth-largest natural gas reserves, and vast untapped minerals such as gold.
US says it will control Venezuelan oil sales ‘indefinitely’, raising questions about what revenues Caracas might get.
Trump administration announcement comes as UN experts warn Venezuela’s oil reserves ‘must not be cynically exploited’.