Sounds like Trump wants to violate international law again.
Is there any legal basis to US claims on Venezuelan oil?
No. International law is clear that sovereign states own the natural resources within their territories under the principle of Permanent Sovereignty over Natural Resources (PSNR).
This means that sovereign states have the inherent right to control, use and dispose of their resources for their own development.
The concept of PSNR emerged after 1945 during the decolonisation of former European colonies. It was solidified by the United Nations General Assembly in a resolution adopted in December 1962.
Under this law, therefore, Venezuela owns its oil. It would be illegal under international law for the US to lay claim to it.
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