Trump says Venezuela to hand over up to 50 million barrels of oil to US
Summary
President Donald Trump announced that Venezuela will send between 30 and 50 million barrels of oil to the United States. The oil will be sold, and the money from the sales will be managed to benefit both the people of Venezuela and the United States.Key Facts
- President Trump said Venezuela will transfer 30 to 50 million barrels of oil to the U.S.
- The oil is currently under sanctions.
- President Trump intends to sell the oil at market prices.
- He stated the money from the oil sales will benefit both Venezuelan and U.S. citizens.
- Energy Secretary Chris Wright was asked to quickly implement the plan.
- The oil will be transported by storage ships to U.S. docks.
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