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The secret terms of Trump’s Venezuelan oil deal

21 October 2026 at 13:40

In late August, President Donald Trump announced what he called the “biggest oil deal in world history.” Since then, the full text of the accord — which grants the U.S. sweeping access to Venezuela’s oil reserves — has been one of the most sought-after secrets in Washington, DC.  ProPublica has reviewed a copy of the […]

The post The secret terms of Trump’s Venezuelan oil deal appeared first on Asia Times.

Ferraris, Porsches, 17 guns and a United Arab Emirates residency card: The search of Alejandro Betancourt’s mansion in Spain

21 September 2026 at 15:29

Alejandro Betancourt’s tentacles in Spain are long. The Venezuelan businessman who amassed a fortune after his country’s power crisis at the end of the 2010s has seen his wealth rise again after the Trump administration touched him with the magic oil wand, entrusting him with crude exploitation in a deal with the government of Venezuela’s interim president, Delcy Rodríguez. The billionaire’s assets in Madrid alone are substantial, according to police documents that are part of an ongoing investigation into alleged money laundering. Authorities seized five luxury cars, a United Arab Emirates residency card and 17 firearms at his private estate in Toledo.

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Alejandro Betancourt in Madrid in 2016, in a photo from his website.
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