"In a post on Truth Social on Tuesday, Trump said that the interim president of Venezuela will "be turning over" between 30 and 50 million barrels of sanctioned oil, and that the oil would be sold at market prices, with the revenue overseen by him as president to ensure it benefits both Venezuela and the US. "It will be taken by storage ships, and brought directly to unloading docks in the United States,""
"The current interim leader of Venezuela is Delcy Rodríguez, who was sworn in as acting president on January 5, 2026, after the US captured and detained the country's former President Nicolás Maduro, alongside his wife. Rodríguez is a longtime Maduro loyalist and originally served as the Vice President of Venezuela. She has so far not spoken out on whether she would cooperate with Trump's plan."
President Donald Trump announced a plan to bring 30 to 50 million barrels of sanctioned Venezuelan oil to U.S. docks, to be sold at market prices with revenue overseen by him. The oil would be moved by storage ships directly to unloading docks in the United States, and Energy Secretary Chris Wright was directed to implement the plan immediately. Delcy Rodríguez is the interim Venezuelan leader after the U.S. captured former President Nicolás Maduro; she has not commented on potential cooperation. Trump previously proposed reimbursing U.S. oil companies that expand operations in Venezuela.
Read at Business Insider
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