Subscribe to Newsletter to get latest insights & analysis in your inbox. Download the ETEnergyworld App and get the Realtime updates and Save your favourite articles. Washington: The US has taken the oil that was on seized Venezuelan tankers and will process it in its own refineries, President Donald Trump said in a New York Post interview published Saturday.“Let’s put it this way — they don’t have any oil. We take the oil,” Trump told the newspaper. The oil is being refined in “various places” including Houston, he added.The US military has seized seven Venezuela-linked tankers since the start of Trump’s month-long campaign to control Venezuela’s oil flows.

Source: Economic Times January 25, 2026 09:39 UTC