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Trump Cancels Second Venezuela Strikes as Caracas Frees Prisoners and Oil Majors Hold Back

Oil companies seek firm guarantees before investing under Washington's proposed framework.

Overview

  • Venezuelan authorities released a first wave of detainees, including human-rights lawyer Rocío San Miguel and former presidential candidate Enrique Márquez, with Spain confirming five of its nationals were freed.
  • President Trump said he canceled a planned “second wave” of attacks on Venezuela after the releases, while signaling U.S. naval assets will remain positioned for security.
  • American diplomats arrived in Caracas as the interim government announced an exploratory process to restore ties, and Delcy Rodríguez asserted the country is not subordinate to the United States.
  • At a White House meeting, Trump told oil executives he expects at least $100 billion to rebuild Venezuela’s oil sector and said companies would transact through the U.S. government rather than directly with Caracas.
  • Major firms offered no firm commitments and pressed for legal, security and commercial assurances, with ExxonMobil’s chief describing Venezuela as uninvestable under current conditions.