Theguardian iconTheguardianSep 9, 2026 ~1 min source read

The Guardian view on Donald Trump’s oil deal: Venezuela pays for his vanity | Editorial

The US president seized a nation's natural wealth in a modern-day version of gunboat diplomacy to feed his ego – not to lower Americans' fuel bills Imperialism does not require a flag to be planted or a governor dispatched. It can be a powerful nation deciding who governs a smaller, weaker country, and on what terms and for whose benefit its resources will be developed.

The Guardian view on Donald Trump’s oil deal: Venezuela pays for his vanity | Editorial

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The US president seized a nation's natural wealth in a modern-day version of gunboat diplomacy to feed his ego – not to lower Americans' fuel bills Imperialism does not require a flag to be planted or a...

It can be a powerful nation deciding who governs a smaller, weaker country, and on what terms and for whose benefit its resources will be developed.

The additional production Venezuela is supposed to bring online might bring down oil prices eventually, but not anytime soon.

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The useful part

The US president seized a nation's natural wealth in a modern-day version of gunboat diplomacy to feed his ego – not to lower Americans' fuel bills Imperialism does not require a flag to be planted or a governor dispatched. It can be a powerful nation deciding who governs a smaller, weaker country, and on what terms and for whose benefit its resources will be developed. The additional production Venezuela is supposed to bring online might bring down oil prices eventually, but not anytime soon.

How it works

  • When so many American voters are struggling to pay energy bills, it's hard to see how unrealised Orinoco Belt riches are going to help Republican candidates.
  • Crucially, what Mr Trump calls "t he biggest oil deal in history " won't cause the price at the pump to fall before November's midterms.
  • If you would like to submit a response of up to 300 words by email to be considered for...

Details worth keeping

Donald Trump's kidnapping of Venezuela's Nicolás Maduro, putting his deputy – Delcy Rodríguez – in his place as president, and then her signing a deal handing a fifth of the country's proven oil reserves to the US, amount to a modern version of 19th-century gunboat diplomacy. Regime change supplied America's commercial concession. The US president has oversold his neocolonial spoils.

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