Overview
- In a Jan. 23 interview, President Trump said the U.S. had taken oil aboard seven seized tankers but declined to disclose their locations.
- He said the crude is already being run at American refineries, including in Houston.
- The administration plans to sell up to 50 million barrels of Venezuelan oil at market price.
- An initial sale worth about $500 million was completed this week, with some proceeds reported held in Qatar, according to USA TODAY.
- Trump has pressed major oil companies for roughly $100 billion to rebuild Venezuela’s industry and has suggested reimbursing U.S. firms for that effort.