Trump's Venezuela Oil Plan: US to Control 30-50 Million Barrels, Manage All Sales
International
N
News1807-01-2026, 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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