Trump: Venezuela to Buy US Goods with Oil Deal Revenue

• President Trump announced Venezuela will sell 50 million barrels of oil to the US.
• Revenue, estimated at $2.8 billion, must be used exclusively for American-made products.
• Purchases include US agricultural products, medicines, medical devices, and equipment for Venezuela's electric grid.
• Funds will be held in US Treasury accounts to protect them from Venezuela's creditors.
• Energy Secretary Chris Wright clarified funds are for the Venezuelan people, not initially for nationalized asset compensation.

Why It Matters: US-Venezuela oil deal mandates revenue for American goods, bypassing creditors initially.