Venezuela and Iran, the two countries that President Trump has targeted for military operations to date, along with the US, account for about one-third of global oil reserves. The endgames of the US aggression against Venezuela, Iran, and possibly Cuba in the near future may focus on long-term deals that include oil benefits. The Trumpian economic strategy hinges on access to cheap oil.  

At the beginning of 2026, United States (US) forces abducted President Nicolás Maduro of Venezuela with the intention of regime change, although the stated goals were different. We also witness the US facing extreme difficulty in breaking Iran’s will to fight, and Tehran is resisting regime change despite immense losses to its top leadership, military and civilian infrastructure. Cuba, too, has a standing threat issued by President Trump, who had been projecting himself as the ‘President of Peace’ until a few months ago.

Trump threatened Cuba with a “friendly takeover”[1] in “some form”,[2] along with choking the country by blockading its oil imports and threatening its suppliers. The country has been under duress with chronic blackouts due to a fuel shortage. Cuban authorities confirmed that there was no oil shipment from January 2026 until the end of March, when a Russian oil tanker arrived with a consignment of 730,000 barrels.[3] President Trump has repeatedly indicated that he would be focusing on his next target, Cuba, once the conflict with Iran is over.[4]

Venezuela and Iran are very different in terms of their political composition, power and identity, and neither of them is/was an imminent military threat to the US. Although Trump’s military actions have been framed as preemptive responses to the threat to US citizens, its core security interests and safety of assets, one factor that Trump has downplayed or not mentioned while stating his objectives is the presence and potential of oil reserves in the two countries.

President Trump’s actions against Cuba are perplexing as to why he would threaten a tiny island nation that cannot pose any real military or economic threat in the context of contemporary global geopolitics. The return of Cuba, which has gradually been phased out of high-level geopolitical discussions since the end of the Cold War, into US grand-strategic calculations, needs explanation. This brief examines President Trump’s desire to “take over” Cuba and highlights the oil variable correlating his rhetoric and actions on Cuba with operations in Venezuela and Iran.

The Façade and the Truth in Venezuela Operation

On 3 January 2026, US forces abducted President Nicolás Maduro of Venezuela, along with his wife, in Operation Absolute Resolve. The couple was accused of heading a drug network impacting the youth and families in the US. President Trump, who previously had reduced US foreign military commitments, expressing a desire for peace and economic prosperity of the US, has ironically been successful in putting military pressure on Venezuela to open up for ‘reforms’ and make structural changes to its economy, especially in the oil sector, so that it could facilitate foreign (US) investments. Venezuela has the largest proven oil reserves, constituting approximately 17 per cent of the global total.[5] The stated objective of eliminating the drug and refugee problems emanating from Venezuela was soon overshadowed by the real calculations and strategies of developing oil fields in the country by US companies with a planned investment of US$ 100 billion over time.[6] The military threat over Venezuela, however, lingers to the degree of the Venezuelan regime’s non-cooperation with the US.[7]

The Bogeyman of Imminent Threat in Iran

Within a couple of months of the Venezuela action, the US, along with Israel, attacked Iran on 28 February 2026 and decapitated its leadership by killing Ayatollah Ali Khamenei, along with other high-ranking politicians and military officers, in Operation Epic Fury. The stated objectives were “eliminating imminent threats from the Iranian regime” and to “ensure that Iran does not obtain a nuclear weapon”.[8] Obliterating the Iranian missile industry, annihilating their navy and disabling their regional proxies were a few other stated objectives.[9]

It must be noted that the claims of both the US and Israel after the 12-day war in June 2025 had ranged between “obliteration” of Iran’s nuclear bomb building capability and a “setback” in “Iran’s ability to develop nuclear weapons by many years”. The assessments claimed that it might take Iran many years to reconstitute the lost capability of enriching Uranium and build a weapon out of it.[10] The Israeli Prime Minister’s Office had also claimed, “The achievement can continue indefinitely if Iran does not get access to nuclear material”.[11] Moreover, Joe Kent, Director, National Counterterrorism Centre in the US, resigned, saying, “Iran posed no imminent threat to our nation, and it is clear that we started this war due to pressure from Israel and its powerful American lobby”.[12]

Therefore, a surprise attack on Iran only within a year, against assessments of the country not posing an immediate threat to the US, along with the targeted assassination of its highest leadership and administrators, reveals a calculated intention for regime change with strikes for which no immediate provocation by Iran was visible. President Trump called on the people of Iran to take over the regime, as this might be their chance that they have had in generations.

The range and nature of the targets selected at the beginning of the US–Israeli joint strikes were beyond what was required to eliminate Iran’s nuclear capability, which was allegedly achieved in June 2025 itself. Therefore, the US’s emphasis on the nuclear dimension as justification for the attacks seemed more like a bogeyman. At the same time, the real objectives were different and linked to the long-term Trumpian grand strategy to be achieved through regime change in Iran. President Trump, known for his transactionalism, is spending billions of dollars on military adventures in Iran. Hence, the question is what motivated him to go to this war.

Did Israel Pull Trump into the War?

It is speculated that President Trump was led into the war by Israel. Israel’s objectives and motivations for the strikes can be understood in light of its antagonistic relationship with the country. Israel had been looking for an opportunity to bring the US on board with its designs to eliminate the Iranian regime, and Prime Minister Netanyahu of Israel succeeded with President Trump this time. But the question again is why Israel could convince Trump.

Given his inclinations and transactional temperament, President Trump should not join a war without concrete business incentives. His real motivations in this war, however, are less understood and quite obfuscated. Differences of opinion have also appeared within the Make America Great Again (MAGA) leadership about the ways of the movement that thrusted him to power. There is a divide within, and Trump, with his adventures in Venezuela and Iran, stands for his own faction. His war on Iran has received credible........

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