Trump says Venezuela to turn over up to 50 million barrels of sanctioned oil

Published January 6, 2026 7:24pm ET



Venezuelan authorities will provide between 30 million and 50 million barrels of oil to the United States, President Donald Trump announced Tuesday evening.

The announcement comes after the U.S. captured former Venezuelan dictator Nicolas Maduro on drug trafficking charges, a move that led oil industry stock prices to rise significantly in the days following Maduro’s arrest.

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