Trump Says Venezuela to Send US Up to 50 Million Barrels of Oil
January 7, 2026
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0:21Now PlayingTrump Says Venezuela to Send US Up to 50 Million Barrels of Oil
YouTube Description
as posted by the channelPresident Donald Trump announced that Venezuela would relinquish 30 to 50 million barrels of oil to the US, worth roughly $2.8 billion at the current market price.
The oil will be sold at its market price, with the proceeds benefiting both the US and Venezuela, according to Trump.
The move is seen as a blow to China, which was previously the top buyer of Venezuela's oil, and may force China to rethink its import reliance on natural resources from Latin American countries.
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