Maduro offered US control over some of Venezuela’s oil riches

Venezuelan President Nicolas Maduro has offered the US administration control over the majority of his country’s oil reserves, The New York Times (NYT) wrote.

According to the report, the Venezuelan leader made the offer in the hope of averting his country’s military confrontation with the United States.

The newspaper’s sources said US President Donald Trump had rejected the invitation to negotiate, but the offer still remains on the table. The ongoing US military buildup off the coast of Venezuela is said to provide Washington with additional leverage over Maduro.

Trump said on Friday he had made up his mind about his country’s future actions with regard to Venezuela, but gave no details.