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The secret history of Trump's Venezuelan oil baron

President Trump's historic Venezuelan oil deal revolves around Alejandro Betancourt, who is described as a colorful and controversial man from Caracas with a long history of supporting U.S. interests. Betancourt runs the oil company entering into an unprecedented partnership with the Pentagon, giving America access to some of Venezuela's vast oil fields at a time when U.S. reserves are low.

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Tuesday, September 1, 2026 at 05:00 AM EDT
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