The interim government of Venezuela will hand over between 30 and 50 million barrels of “high quality, sanctioned oil” to the United States following the military operation in the country and the capture of leader Nicolás Maduro, President Donald Trump announced on Tuesday. Oil currently sells for around US$56 a barrel, meaning the deal announced by Trump could be worth up to US$2.8 billion. See more 🚨 President Donald J. Trump announces 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. Meanwhile, the U.S. Navy informed on Wednesday that it has seized a Russian-flagged tanker linked to Venezuelan oil in the North Atlantic. Several ships that were going to Venezuela have reportedly had to change course after the military intervention intensified in recent weeks.

Source: Bueno Aires Herald January 07, 2026 16:16 UTC