Trump says Venezuela to send US up to 50 million barrels of oil, ‘money controlled by me’

Written by on January 7, 2026

US President Donald Trump said Venezuela would relinquish as much as 50 million barrels of oil to the United States, worth roughly US$2.8 billion at the current market price, announcing the cargoes would be sold with proceeds benefiting both countries.
The announcement on Tuesday marked a significant step up for the US government as it seeks to extend its economic influence in Venezuela and beyond after the US capture of leader Nicolas Maduro on Saturday. After the operation, Trump said that the…

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