Overview
- In a post on Truth, Trump said Venezuela will deliver between 30 and 50 million barrels of crude to be sold at market prices, with U.S. reports estimating proceeds could exceed $2 billion.
- Trump said he will control the revenue for the benefit of people in Venezuela and the United States, though he did not detail how funds would be governed or distributed.
- The administration scheduled a Friday meeting at the White House with executives from Exxon, Chevron and ConocoPhillips to discuss how the oil would be managed.
- Trump said he directed Energy Secretary Chris Wright to implement the plan, with shipments moving by tanker directly to U.S. terminals.
- Venezuela has not commented on the announcement, and EIA data showing U.S. consumption near 20 million barrels per day underscore the limited scale of the proposed deliveries.