BREAKING NEWS: President Donald Trump revealed late Tuesday night that Venezuela’s interim authorities will transfer up to 50 million barrels of sanctioned oil to the United States. This significant deal aims to sell the oil at market prices, with proceeds managed by Trump’s administration to benefit both nations.
In a post on Truth Social, Trump stated, “I am pleased to announce that the Interim Authorities in Venezuela will be turning over between 30 and 50 MILLION Barrels of High Quality, Sanctioned Oil, to the United States of America.” He emphasized that the funds would be controlled by his administration to ensure they are used to support the people of both Venezuela and the U.S.
The transfer is set to commence immediately, with Energy Secretary Chris Wright tasked to execute the plan. Oil will be transported by storage ships directly to unloading docks in the United States.
This development is critical as it could impact both countries’ economies and geopolitical relations. The announcement comes amid ongoing discussions about energy independence and international sanctions.
Officials have not yet confirmed specific timelines for the delivery, but further updates are anticipated as the plan unfolds. This is a developing story with potential implications for global oil markets and U.S.-Venezuela relations.
Stay tuned for more urgent updates on this significant oil transfer and its potential effects on both nations.
