Politics1/6/2026•Bloomberg

Trump Says Venezuela to Send US Up to 50 Million Barrels of Oil

Trump Says Venezuela to Send US Up to 50 Million Barrels of Oil

President Donald Trump announced that Venezuela will provide the United States with up to 50 million barrels of oil. According to Trump, the oil will be sold, and the proceeds will benefit both countries. The statement comes amidst the ongoing political and economic crisis in Venezuela, where the government led by President Nicolás Maduro is facing international pressure and sanctions. The U.S. has recognized opposition leader Juan Guaidó as the legitimate president of Venezuela and has imposed sanctions on the Maduro regime. The details of the oil deal, including the timeline and the specific terms, are not yet clear. However, the move is seen as a potential diplomatic and economic maneuver in the ongoing power struggle between the U.S. and the Maduro government.

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