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

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News18•07-01-2026, 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.
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