A file photo of US President Donald Trump (AP)
World
N
News1807-01-2026, 07:22

Trump: US to Get 30-50 Million Barrels of Venezuelan Oil After Maduro's Capture

  • Donald Trump announced the US will receive 30-50 million barrels of high-quality, sanctioned oil from Venezuela's "Interim Authorities" at market price.
  • Proceeds from the oil sale, potentially worth up to USD 2.8 billion, will be controlled by Trump to benefit both Venezuela and the US.
  • The announcement came hours after a US military operation led to the capture of Venezuelan President Nicolas Maduro, who faces drug trafficking charges in the US.
  • Trump instructed Energy Secretary Chris Wright to immediately execute the plan, with oil transported directly to US unloading docks.
  • The Trump administration aims to open Venezuela's vast oil reserves to American energy companies, with an Oval Office meeting planned with oil executives.

Why It Matters: Trump announces major Venezuelan oil deal for US, linking it to Maduro's capture and US policy shift.

More like this

Loading more articles...