How US control of Venezuela’s oil could change global geopolitics

Venezuela holds the world’s largest oil reserves, but years of sanctions, neglect and underinvestment have crippled its energy sector. Donald Trump says US companies will repair Venezuela’s oil infrastructure and sell its oil to cover the costs of Washington’s intervention. Although Venezuela produces just one percent of global oil, its vast reserves give the plan major geopolitical weight. China, Venezuela’s biggest oil customer, has condemned the removal of Nicolas Maduro and warned the move could inflame tensions.