Trump says Venezuela to hand over up to 50 million barrels of oil to US

Trump says Venezuela to hand over up to 50 million barrels of oil to US

Al Jazeeraworld

Key Points:

  • U.S. President Donald Trump announced that Venezuela will release between 30 and 50 million barrels of sanctioned oil for sale.
  • Trump stated the oil will be sold at market price, with proceeds controlled by him to benefit both Venezuelan and American people.
  • Energy Secretary Chris Wright has been instructed to implement the plan immediately, involving transport of the oil via storage ships to U.S. docks.
  • The announcement was made by Trump on his social media platform, Truth Social.
  • Further details on the plan are expected to be released.