Washington, Jan 07 (V7N)- US President Donald Trump has announced that Venezuela’s interim authorities will transfer 30 to 50 million barrels of sanctioned Venezuelan crude oil to the United States, with the oil to be sold at market prices and the proceeds controlled by the US government. Trump made the disclosure on his social media platform Truth Social on Tuesday (January 6). (Anadolu Ajansı)

In his post, Trump said the oil would be shipped directly to US unloading docks and directed Energy Secretary Chris Wright to “execute this plan immediately.” He added that the funds from the sale would be used “to benefit the people of Venezuela and the United States.” (Anadolu Ajansı)

The announcement came in the wake of the US military operation in Caracas earlier this week, which resulted in the capture of Venezuelan President Nicolás Maduro and has dramatically altered the political landscape of the country. (Hürriyet Daily News)

Analysts note that the 30–50 million barrels figure represents only a fraction of Venezuela’s vast reserves, which are among the largest in the world, estimated at hundreds of billions of barrels. The transfer is being framed by the Trump administration not only as an economic measure but also as part of broader strategic goals in the region. (Forbes)

While the oil itself is expected to arrive in the US soon, experts caution that benefits to global oil prices or consumer fuel costs may be limited in the short term, given existing oversupply conditions and logistical constraints. The long-term implications for Venezuela’s own oil infrastructure and future reserves are unclear, and critics argue the move raises serious questions about national sovereignty and international law. (Business Standard)

The situation continues to evolve, with the White House and energy sector stakeholders expected to provide further details in the coming days.

END/SMA/AJ