The administration announced plans to seize control of over 65 billion barrels of Venezuela's crude reserves to limit China's influence.

The administration announced plans to seize control of more than 65 billion barrels of Venezuela's crude reserves. This move is intended to ensure American dominance in the hemisphere by squeezing out

Sources

• Yahoo Finance
  US Grab of Venezuela Denies China Oil, Billions in Debt Payments

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Paywall and unreadable sources

• The Washington Post
  Trump’s huge Venezuela deal began with a call and a bet on an oilman
• Bloomberg.com
  Trump’s Big Venezuela Deal Leaves US Oil Industry Blindsided
• The New York Times
  The U.S. Wants the Oil From These 17 Venezuelan Fields
• PBS
  Proud of their oil, Venezuelans view major U.S. stake in their reserves as a surrender