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Trump: US will receive 50M barrels of Venezuelan oil under new deal | Elizabeth Vargas Reports
Posted
January 7, 2026
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4:02Now PlayingPresident Trump announced Venezuela’s interim authorities will transfer 30 to 50 million barrels of sanctioned oil to the United States, which will then be sold at market price. Trump said he will personally control the proceeds “to ensure it is used to benefit the people of Venezuela and the United States,” and directed Energy Secretary Chris Wright to execute the plan immediately. The oil will be shipped to U.S. docks for storage and sale, Trump said.
Anchor Elizabeth Vargas delivers the biggest stories, without bias or opinion. Watch "Elizabeth Vargas Reports" every weeknight at 7p/6C on NewsNation. #VargasReports
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