White House says it’s working with North American Blue Energy Partners to give the Pentagon a stake in Venezuela oil

On Monday, the White House announced it is working in partnership with North American Blue Energy Partners as part of an initiative led by President Donald Trump to tap into Venezuela's oil industry. Building on details initially released on Friday, the arrangement is set to give the Pentagon a direct stake in Venezuela's vast oil reserves, encompassing roughly a fifth of the industry under the new plan.

The development marks a significant intersection of U.S. military interests and energy policy regarding South America. By securing a stake for the Pentagon, the administration is integrating defense oversight and resources directly into the commercial exploitation of Venezuelan petroleum resources.