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Trump's oil-focused foreign agenda backfires amid rising costs and criticism

A recent analysis argues that Donald Trump's pursuit of foreign oil has led to political backlash, higher gas prices and mounting casualties.

According to a new breakdown, Donald Trump's longstanding desire to capture foreign oil resources has become a political liability, especially after recent military actions in Venezuela and Iran. He boasted in Las Vegas about extracting large quantities of Venezuelan oil following the abduction of Nicolás Maduro, invoking the historic phrase "to the victor belong the spoils." This strategy coincides with a spike in gasoline prices that have again crossed the $4-per-gallon mark, fueling public anger and dragging his approval rating down to 34 percent in a Pew Research Center poll.

The analysis also records the conflict's human cost, noting 18 American servicemen and at least 1,700 Iranian civilians have died. While Venezuelan production has risen slightly to 1.1 million barrels per day, major American oil companies remain hesitant to engage. The author concludes that the combination of economic strain and war fatigue could hurt Trump and the Republican Party in the forthcoming midterm elections.

Why it matters

The story shows how Trump's oil-centric foreign policy is affecting U.S. politics, the economy and lives abroad.

In this story

oilgas pricesapproval ratingmidterm electionsmilitary conflictVenezuelan oilIran war