Trump Disavows Oil Executive’s Role in Venezuela Talks

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President Trump has disavowed any involvement of a private US oil executive in Venezuela talks, stating that only State Department-approved officials can conduct diplomacy with Caracas, and described current relations with Venezuela as strong.

Market Impact

Market impact analysis based on bullish sentiment with 80% confidence.

Sentiment
Bullish
AI Confidence
80%
Time Horizon
Short Term

Article Context

Note: This is a brief excerpt for context. Click below to read the full article on the original source.

President Donald Trump on Thursday rejected any suggestion that a private U.S. oil executive is shaping Washington’s approach to Venezuela, stepping into a sensitive debate over who gets influence in the future of the world’s largest stranded crude reserves. In a post on Truth Social, Trump said Florida fuel trader Harry Sargeant III has no authority to act on behalf of the United States and that only State Department-approved officials conduct diplomacy with Caracas. He described current relations with Venezuela as strong and credited…

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Original article published by OilPrice.com on February 12, 2026.
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