Back-Channel Push to Ease Venezuela Pressure Failed as Rubio Consolidated Power: Report
A sprawling influence campaign reportedly spent much of 2025 trying to convince President Donald Trump to soften U.S. policy toward Venezuela, but ultimately failed as Marco Rubio emerged as the administration's State Secretary.
A sprawling influence campaign backed by oil investors, bondholders, and political operatives reportedly spent much of 2025 trying to convince President Donald Trump to soften U.S. policy toward Venezuela, but ultimately failed as Secretary of State Marco Rubio emerged as the administration's dominant voice on Caracas.
According to an extensive investigation by POLITICO , at the center of the effort was Florida businessman Harry Sargeant III, a longtime investor in Venezuela's oil sector whose companies depended on access to Venezuelan crude.
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