Trump Says Venezuela to Send Oil Worth Up to $2.8 Billion to US
Bloomberg.com••nation
Key Points:
- President Donald Trump announced that Venezuela would provide up to 50 million barrels of oil to the US, valued at approximately $2.8 billion at current market prices.
- The oil shipments are planned to be sold with proceeds benefiting both the US and Venezuela.
- This move represents a significant escalation in US efforts to expand its economic influence in Venezuela following the recent capture of leader Nicolas Maduro.
- The announcement poses a setback to China, which had been the top buyer of Venezuelan oil and a close ally of the country.
