US President Trump says relations between Venezuela and the US have been extraordinary, "Oil is starting to flow, and large amounts of money, unseen for many years, will soon be greatly helping the people of Venezuela."
Newsquawk Staff ·
Full Post: "Relations between Venezuela and the United States have been, to put it mildly, extraordinary! We are dealing very well with President Delcy Rodriguez, and her Representatives. Oil is starting to flow, and large amounts of money, unseen for many years, will soon be greatly helping the people of Venezuela. Marco Rubio, and all of our Representatives, are doing a fantastic job, but we speak only for ourselves, and don’t want there to be any confusion or misrepresentation. There is a story about a man named Harry Sargeant III in The Wall Street Journal. He has no authority, in any way, shape, or form, to act on behalf of the United States of America, nor does anyone else that is not approved by the State Department. Without this approval, no one is authorized to represent our Country. Thank you for your attention to this matter! PRESIDENT DONALD J. TRUMP"
What it means
President Trump's remarks on improving US-Venezuela relations signal a potential shift that could impact oil supply dynamics. If oil is indeed "starting to flow" from Venezuela, it may influence global crude prices and strengthen risk appetite, particularly in energy markets. This development warrants close attention, as it could also affect broader forex movements, particularly involving the USD and commodity-linked currencies.
Sources
- Al-Mayadeen correspondent in Iran says Iranian officials believe that Trump wants to bring the nuclear issue into the negotiations, which Iran rejects
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