Trump claims control over 50 million barrels as Venezuela interim government pledges oil to US

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Protesters hold signs during a demonstration against U.S. military action in Venezuela on January 06, 2026 in Washington. — AFP pic

Nevin Al Sukari - Sana'a - Protesters hold signs during a demonstration against U.S. military action in Venezuela on January 06, 2026 in Washington. — AFP pic

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WASHINGTON, Jan 7 — US President Donald Trump said yesterday that Venezuela’s interim government will deliver up to 50 million barrels of oil to the United States, and that the proceeds “will be controlled by me” as president.

“The Interim Authorities in Venezuela will be turning over between 30 and 50 MILLION Barrels of High Quality, Sanctioned Oil, to the United States of America,” Trump posted on his Truth Social platform.

“This oil will be sold at its market price, and that money will be controlled by me, as President of the United States of America, to ensure it is used to benefit the people of Venezuela and the United States.”

 

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