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NYT

How the Pentagon Is Getting Into the Venezuelan Oil Business Under Trump

Tuesday, September 1, 2026


The Pentagon's Office of Strategic Capital, established during the Biden administration to provide loans supporting the U.S. defense industry, is participating in negotiations related to Venezuelan oil operations under the Trump administration. The office's specific role and the terms of any agreement have not been detailed in public statements. Defense Department officials have not confirmed the scope or timeline of involvement.

Original reporting: https://www.nytimes.com/2026/08/31/us/politics/pentagon-venezuela-oil.html

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