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What does the future of Venezuela's oil look like?

05:43
A ship named Ithaca Patience, Panama, is docked on Lake Maracaibo, Venezuela, Wednesday, Jan. 7, 2026. (Edgar Frias/AP)
A ship named Ithaca Patience, Panama, is docked on Lake Maracaibo, Venezuela, Wednesday, Jan. 7, 2026. (Edgar Frias/AP)

Here & Now’s Indira Lakshmanan talks with former Ambassador to Venezuela Patrick Duddy about the oil sector in Venezuela, what it will take to revive it, and President Trump’s claim that authorities in Venezuela will turn over between 30 and 50 million barrels of oil to the U.S.

This segment aired on January 7, 2026.

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