Trump announces that Venezuela’s interim authorities will transfer “between 30 and 50 MILLION barrels of high-quality, sanctioned oil” to the United States, saying it will be sold “at its market price” with the proceeds “controlled by me, as President.”

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BREAKING: Trump announces that Venezuela’s interim authorities will transfer “between 30 and 50 MILLION barrels of high-quality, sanctioned oil” to the United States, saying it will be sold “at its market price” with the proceeds “controlled by me, as President.” He said the funds would be used to “benefit the people of Venezuela and the United States,” ordered Energy Secretary Chris Wright to “execute this plan immediately,” and said the oil will be shipped by storage vessels directly to U.S. ports.

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New: Caracas and Washington are in talks over exporting Venezuelan crude oil to U.S. refineries, five government, industry, and shipping sources told Reuters on Tuesday. The discussions could redirect Venezuelan oil shipments away from China and help state oil company PDVSA

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11:46 AM · Jan 7, 2026

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