Trump says he’s canceled second wave of attacks on Venezuela
CNBC••nation
Key Points:
- U.S. President Donald Trump canceled a planned second military attack on Venezuela, citing improved cooperation between the two countries in rebuilding Venezuela's oil and gas infrastructure.
- Trump praised Venezuela's release of numerous political prisoners as a "very important and smart gesture," which influenced his decision to halt further military action.
- A recent U.S. military operation led to the capture of Venezuelan President Nicolás Maduro and his wife on drug trafficking charges, though they have pleaded not guilty and Maduro claims he was kidnapped.
- Trump announced plans for at least $100 billion in investment from U.S. oil companies to rebuild Venezuela's oil infrastructure, with a meeting scheduled with oil industry representatives.
- Venezuela holds about 17% of the world's oil reserves
