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The sizable death toll adds meaning to President Donald Trump's public remarks that the operation he approved was "effective" but "very violent."
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The share prices of U.S. oil companies surged following the Trump administration's attack on Venezuela and abduction of its president, Nicolás Maduro. In public statements, Trump has been clear about his desire to reassert U.S. corporate control over Venezuela's nationalized oil industry. Now with Trump's show of force over Venezuela's political sovereignty, many investors see the potential for a similar overpowering of the socialist country's economic independence. However, notes financial reporter David Uberti, it won't be so easy for Wall Street to make a profit. In addition to upgrading Venezuela's "decrepit" oil-producing infrastructure, "they have to push for more appetite for oil around the world."
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U.S. forces attacked Venezuela and abducted Venezuelan President Nicolás Maduro and his wife in a Saturday night raid. About 80 people were reportedly killed, including 32 Cubans. Democracy Now! speaks with Andreína Chávez, a Venezuelan reporter based in Caracas, who calls the strikes an "imperialist attack." Trump also said the U.S. would take the oil from Venezuela, which has the world's largest proven reserves.
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