Global Politics Report Editorial

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

The Defense Department’s Office of Strategic Capital, founded by the Biden administration to give loans to bolster the U.S. defense industry, is helping lead President Trump’s oil deal.

Key Data

Source: The New York Times

Politics desk: Government

Published: Sep. 01, 2026 at 12:12 PM ET

Why It Matters

This development may affect executive authority, public policy or government accountability.

The practical test is whether official decisions follow the public statements and political reaction.

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Original source: The New York Times