When it comes to claiming that Venezuelan oil is now under his control, President Donald Trump is mincing no words. But no small part of that oil belongs to China under contracts it struck with Caracas years ago,

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world China’s biggest oil companies are scrambling for direction as Washington turns up the heat on Venezuela.

The U.S. striking Venezuela and capturing its leader has practical implications for China, Russia, Iran and Cuba, and it also sends messages to each nation.

Two China-flagged supertankers that were sailing to Venezuela to pick up debt-paying crude cargoes amid the US oil embargo on the OPEC country have made u-turn and are now heading back to Asia, LSEG s

China criticized the Trump administration’s reported call for Venezuela to sever its alliances with US rivals, labeling the move a “bullying act” as their competition for influence in the region emerges as a new source of friction.

Rep. Gregory Meeks warns China sees opportunity to justify Taiwan aggression by pointing to U.S. military action in Venezuela. House Foreign Affairs Committee members debate differences.

The U.S. operation in Venezuela reflects a strategic logic designed by a group of George W. Bush’s advisers: to expand U.S. control over regions critical to 21st century geopolitical competition.

The strategic relationship between Venezuela and China faces uncertainty after the United States military operation to capture deposed Venezuelan President Nicolás Maduro. Meanwhile, Chinese social media saw posts claiming that the U.