Trump: Venezuela to Buy ONLY US Products from New Oil Deal Proceeds

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News18•08-01-2026, 06:57
Trump: Venezuela to Buy ONLY US Products from New Oil Deal Proceeds
- •Donald Trump announced Venezuela will exclusively purchase US-made products using proceeds from a new oil deal, calling it a "wise choice" for both nations.
- •Purchases will include US agricultural products, medicines, medical devices, and machinery for Venezuela's electric grid and energy facilities.
- •The announcement follows the capture of former Venezuelan President Nicolas Maduro and his wife, now facing trial in the Southern District of New York for alleged drug trafficking.
- •The US asserts "maximum leverage" over Venezuela's interim authorities, with Press Secretary Karoline Leavitt stating their decisions will be dictated by the US.
- •The oil deal involves 30-50 million barrels, with revenue over $2 billion under Trump's personal control, and the US will control sales indefinitely.
Why It Matters: Trump declares Venezuela will exclusively buy US products with oil deal funds, asserting US control post-Maduro.
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