The United States will soon receive 30 million to 50 million barrels of sanctioned Venezuelan oil from the South American nation in the near future, U.S. President Donald Trump announced Tuesday.
"I am pleased to announce that the Interim Authorities in Venezuela will be turning over between 30 and 50 MILLION Barrels of High Quality, Sanctioned Oil, to the United States of America," Trump wrote in a post on Truth Social.
"This Oil will be sold at its Market Price, and that money will be controlled by me, as President of the United States of America, to ensure it is used to benefit the people of Venezuela and the United States!"
He said that he had asked U.S. Energy Secretary Chris Wright "to execute this plan, immediately."
With oil trading at roughly $56 a barrel, the transfer could be worth as much as $2.8 billion.
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- by: Joseph Lord
- 2026-01-06
- Source:
https://www.ntd.com/us-to-receive-30-to-50-million-barrels-of-sanctioned-oil-from-venezuela-trump_1117818.html
- 01/07/2026
a silhouette of a machine by Mihai 👑 is licensed under unsplash.com
a silhouette of a machine by Mihai 👑 is licensed under unsplash.com