Trump's Venezuela Oil Plan: US to Control 30-50 Million Barrels, Manage All Sales

International
N
News18•07-01-2026, 10:32
Trump's Venezuela Oil Plan: US to Control 30-50 Million Barrels, Manage All Sales
- •Donald Trump announced Venezuela's interim government will supply 30-50 million barrels of 'sanctioned' oil to the US.
- •The oil will be sold at market price, with Trump's administration controlling all sales proceeds for the benefit of both nations.
- •Trump instructed Energy Secretary Chris Wright to implement the plan for direct shipment to the United States.
- •International experts believe this confirms the US's primary goal is to seize Venezuela's oil reserves.
- •This follows a US military operation in Venezuela, where President Nicolas Maduro was removed and later brought before a New York court.
Why It Matters: Trump reveals US plan to control Venezuela's oil supply and sales, sparking international concern.
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