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Trump says Venezuela will purchase American products with revenue from oil deal

The U.S. will sell 30–50 million barrels of Venezuelan oil and use revenues to buy American goods, aiming to stabilize Venezuela and limit rival nations' influence.

  • On Jan 8, President Donald Trump’s administration said it will dictate decisions to Venezuela's interim leaders and control Venezuela’s oil sales after toppling Nicolas Maduro.
  • Following the Saturday operation, U.S. officials said US special forces captured Nicolas Maduro and seized two oil tankers on Wednesday, including a Russian-linked vessel pursued to the North Atlantic.
  • US Energy Secretary Chris Wright said the US will market Venezuela's crude and President Donald Trump said Venezuela will turn over between 30 million and 50 million barrels of oil to the US.
  • Venezuelan officials responded that `no foreign agent` is governing the country, asserting `The government of Venezuela is in charge in our country, and no one else`, while Washington relies on a naval blockade and plans a Friday meeting with U.S. oil company executives.
  • The administration plans to control Venezuela's oil sales, with revenues deposited into US-controlled bank accounts and oil sold at market price, to benefit both countries, said US Energy Secretary Chris Wright.
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Trump wants to quickly bring Venezuelan oil to the US market - but Chevron, Exxon & Co. first demand legal and financial guarantees before pumping billions into the maraudous infrastructure. US President can hardly ignore the demands of the oil multinationals.

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Antiwar.com broke the news in on Wednesday, January 7, 2026.
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