President Donald J. Trump today shared details on a new plan for Venezuelan oil. Under this plan, Venezuela will turn over between 30 and 50 million barrels of sanctioned oil to the United States. This oil will be sold at market prices, and the money will help the people of both countries.
President Trump posted about this on Truth Social. He said the oil will go straight to U.S. docks for unloading. U.S. Energy Secretary Chris Wright will handle the details to make sure everything runs smoothly.
"This is a great deal for America and for the people of Venezuela," President Trump said. "We will sell this high quality oil and use the funds wisely. It will create jobs, lower energy costs, and support rebuilding efforts."
This move comes after recent changes in Venezuela, including the removal of former leader Nicolas Maduro. The U.S. is working to bring stability and prosperity back to the region.
The President will control how the money is used to ensure it benefits everyone involved. More updates will come as the plan moves forward.