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US began to Block Tankers of Other Countries After Seizing Venezuelan Oil | Breaking News | SAMAA TV
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US began to Block Tankers of Other Countries After Seizing Venezuelan Oil | Breaking News | SAMAA TV

Venezuela and the United States have reached a deal to export up to $2 billion worth of Venezuelan crude to U.S. ports, U.S. President Donald Trump announced on Tuesday.

The agreement could redirect oil previously destined for China while helping Venezuela maintain production levels despite sanctions.

President Trump said the deal would see Venezuela turning over 30 to 50 million barrels of sanctioned oil to the U.S., sold at market prices with proceeds controlled by the U.S. government to benefit both nations.

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

U.S. Energy Secretary Chris Wright will oversee the execution, ensuring oil is taken from ships and delivered directly to U.S. ports.

Trump says Venezuela to hand over up to 50 million barrels of oil to US
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US discussing options to acquire Greenland, including use of military, says White House

Venezuela ‘turning over’ $2bn in oil to US, Trump says, in move that could cut supply to China


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