U.S. President Donald Trump cites Venezuela’s estimated $40 trillion in oil wealth as rationale for potential statehood bid.
President Donald Trump said he is weighing the possibility of granting Venezuela U.S. statehood, citing the country’s vast oil reserves valued at $40 trillion. The proposal was framed as a strategic move to secure energy resources during a media appearance.
Venezuela holds the world’s largest proven oil reserves, though economic sanctions and political instability have limited production in recent years. No prior U.S. administration has formally considered such a measure, which would require congressional approval.
Markets have not yet reacted to the remarks, which come amid ongoing geopolitical tensions in Latin America.