Trump says US will "run" Venezuela as American oil firms poised to enter country after coup

Palm Beach, Florida - President Donald Trump said Saturday that the US will "run" Venezuela and tap its huge oil reserves after abducting leftist leader Nicolas Maduro out of the country during a bombing raid on Caracas.

President Donald Trump holds a press conference at his Mar-a-Lago club in Palm Beach, Florida, on January 3, 2026, following US forces' abduction of Venezuelan President Nicolas Maduro and his wife, Cilia Flores.
President Donald Trump holds a press conference at his Mar-a-Lago club in Palm Beach, Florida, on January 3, 2026, following US forces' abduction of Venezuelan President Nicolas Maduro and his wife, Cilia Flores.  © REUTERS

Trump's announcement came hours after an attack in which special forces grabbed Maduro and his wife, while airstrikes pounded multiple sites, stunning the capital city.

Trump did not go into detail what he meant but told a press conference in Florida: "We're going to be running it with a group."

"We're designating people," he said, mentioning that cabinet officials standing with him would be in charge.

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In another surprise, Trump indicated that US troops could be deployed in Venezuela.

The US is "not afraid of boots on the ground," he said.

Although the operation is being framed by the administration as a law-enforcement action, Trump made clear that regime change and Venezuela's oil riches are the major goals.

"We're going to have our very large United States oil companies, the biggest anywhere in the world, go in, spend billions of dollars, fix the badly broken infrastructure," he said. "We'll be selling large amounts of oil."

The 79-year-old Republican posted a picture of Maduro in custody on a US naval ship wearing a blindfold, handcuffs, and what looked like noise-canceling ear muffs. He and his wife were being taken to New York to face narcotics and terrorism charges.

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US President Donald Trump shared a photo on social media (r.) of Venezuelan President Nicolas Maduro "on board the USS Iwo Jima" amphibious assault ship in the Caribbean Sea on January 3, 2026.
US President Donald Trump shared a photo on social media (r.) of Venezuelan President Nicolas Maduro "on board the USS Iwo Jima" amphibious assault ship in the Caribbean Sea on January 3, 2026.  © Collage: REUTERS & @realDonaldTrump/Handout via REUTERS

US-backed far-right opposition leader Maria Corina Machado, who won the Nobel Peace Prize last year sparking widespread outrage, posted on social media: "the hour of freedom has arrived."

Machado called for the opposition's candidate in the 2024 election, Edmundo Gonzalez Urrutia, to "immediately" assume the presidency.

Trump scotched any expectation that Machado should emerge as Venezuela's new leader. She doesn't have "support or respect" there, he said.

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The US president said Maduro's Vice President Delcy Rodriguez was "essentially willing to do what we think is necessary to make Venezuela great again."

Trump also made clear that the US presence in Venezuela is unlikely to be short: "We're there now, but we're going to stay until such time as the proper transition can take place."

The United Nations chief said he was "deeply concerned that the rules of international law have not been respected."

US black-out and bombing of Venezuela

Demonstrators gather in support of President Nicolas Maduro in Caracas, Venezuela, on January 3, 2026.
Demonstrators gather in support of President Nicolas Maduro in Caracas, Venezuela, on January 3, 2026.  © REUTERS

Venezuelans had been bracing for attacks as US forces, including the aircraft carrier USS Gerald R. Ford, spent months massing off the coast.

Caracas residents woke to explosions and the whir of military helicopters around 2:00 AM. Airstrikes hit a major military base and an airbase, among other sites, for nearly an hour, AFP journalists said.

The bombing turned out to be only part of the more ambitious plan to topple Maduro and bring him to US soil to face narco-trafficking charges.

Trump said the assault began with a partial blackout caused by US "expertise."

The top US military officer, General Dan Caine, said 150 aircraft took part in the operation, supporting troops helicoptering in to seize Machado with the help of months of intelligence into the leader's daily habits – down to "what he ate" and what pets he kept.

Maduro (63) and his wife "gave up" without a struggle and there was "no loss of US life," Caine said.

Maria Eugenia Escobar, a 58-year-old resident of La Guaira, near the heavily bombed main airport, told AFP that the blasts "lifted me out of bed, and I immediately thought, 'God, the day has come.'"

Within hours of the operation, Caracas had fallen eerily quiet, with police stationed outside public buildings and a smell of smoke drifting through the streets.

Maduro – in power since 2013 after taking over from leftist mentor Hugo Chavez – long accused Trump of seeking regime change in order to control Venezuela's huge oil reserves.

Several members of Congress quickly questioned the legality of the operation. However, Trump's key ally Mike Johnson, Republican speaker of the House of Representatives, claimed it was "decisive and justified."

Cover photo: REUTERS

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