US President Trump says he is loving Venezuela; oil firms are preparing massive investments in Venezuela
Newsquawk Staff ·
US President Trump says he is loving Venezuela; oil firms are preparing massive investments in Venezuela.
What it means
President Trump's remarks about Venezuela signal a potential thaw in relations, which could pave the way for significant investments by oil firms in the region. This development may impact oil prices due to expectations of increased supply, while also influencing currency flows within the USD and other major currencies, depending on how the market perceives the shift in geopolitical risk.
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