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Fortune••business
Key Points:
- U.S. forces arrested Venezuelan President Nicolas Maduro on drug trafficking charges, with former President Trump endorsing control over Venezuela and its oil reserves under a revived "Donroe doctrine," blending Monroe Doctrine imperialism with Trump's agenda.
- Venezuela, holding the world's largest oil reserves, faces significant challenges in restoring oil production due to decades of mismanagement, sanctions, and the costly extraction of heavy crude oil, with experts estimating a $100 billion investment over 10 years needed for recovery.
- Analysts suggest the U.S. strike on Venezuela may be politically motivated to bolster Republican standing ahead of midterm elections, emphasizing a "tough on crime and drugs" posture, while recognizing the high fiscal and geopolitical costs of such military actions.
- Political instability and
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