Former U.S. President Donald Trump announced via Truth Social on Tuesday that interim authorities in Venezuela have agreed to transfer 30 million to 50 million barrels of sanctioned oil to the United States. The statement, released on January 6, 2026, claims the oil will be sold at market price, with proceeds managed directly by Trump "as the U.S. president" to ensure funds "benefit the people of Venezuela and the United States."
This development follows years of complex U.S.-Venezuela relations, marked by sanctions and diplomatic tensions. Analysts note the announcement raises questions about current energy partnerships in Latin America and potential impacts on global oil markets. While no official confirmation has been provided by Venezuelan authorities, the claim has already sparked debates about international energy diplomacy and U.S. foreign policy priorities in 2026.
Market observers are closely monitoring how this potential transfer might affect crude oil prices and energy security strategies across Asia, particularly for major importers like China and India. The proposal also highlights ongoing challenges in stabilizing Venezuela's economy amid its prolonged political crisis.
