U.S. President Donald Trump has declared that Venezuela’s interim authorities will hand over between 30 million and 50 million barrels of oil to the United States after a military operation removed President Nicolás Maduro from power. Valued at roughly $2.8 billion, the oil is to be sold at market prices, with proceeds under the control of the U.S. president to benefit both Americans and Venezuelans.
The announcement comes alongside the seizure of Russian‑flagged tankers linked to Venezuela, as the U.S. seeks to assert control over the country’s energy exports. Trump said the move would revitalize Venezuela’s oil industry within 18 months and attract significant U.S. private-sector investment.
Energy Secretary Chris Wright is leading efforts to manage shipments and coordinate private sector participation. While China — a major buyer of Venezuelan crude — has condemned the U.S. actions, the interim Venezuelan leadership, led by Delcy Rodríguez, has not publicly confirmed exclusive arrangements with the U.S.
Trump described the agreement as a step to keep oil prices low for Americans, while White House officials indicated that U.S. oversight of Venezuelan oil could continue indefinitely, signaling a dramatic reshaping of global energy dynamics.
Global markets are closely monitoring the situation, as the influx of Venezuelan oil under U.S. control could significantly impact supply, pricing, and international relations.