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Trump wants Venezuela's oil — markets may not care

U.S. President Donald Trump made no secret of his plan for Venezuela. "One of the things the United States gets out of this will be even lower energy prices," Trump said in a Jan. 9 meeting with energy executives. “Our giant oil companies will be spending at least $100 billion of their money (in Venezuela),” the president said. Darren Woods, head of oil giant Exxon Mobil, wasn’t sold on Trump’s idea. “We’ve had our assets seized there twice, and so you can imagine that to reenter a third tim

The El Palito refinery is seen at dusk in Puerto Cabello, Venezuela, on Dec. 18, 2025.

About Crimea

Russia invaded Ukraine's Crimean Peninsula in February 2014 amid the deadliest days of the EuroMaidan Revolution. Around 30,000 Russian troops crossed into Crimea, taking hold of the peninsula by early March 2014. Russia has continued to occupy Crimea ever since. Crimea covers an area of around 27,000 square kilometers (10,400 square miles), roughly the same size as the U.S. state of Massachusetts.

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