President Trump Says Venezuela To Supply Up To 50 Million Barrels Of Sanctioned Oil To US

US President Donald Trump has said that Venezuela’s interim administration will deliver between 30 million and 50 million barrels of oil currently under sanctions to the United States, describing the proposal as mutually beneficial for both nations.

In a message shared on social media, Trump said the sale of crude would occur at prevailing market rates, with direct oversight over the allocation of proceeds. The use of the revenue would serve the interests of citizens in both Venezuela and the United States.

The president added that he has instructed Energy Secretary Chris Wright to implement the plan without delay. He further noted that oil would move onto storage vessels and travel directly to US ports for unloading.

Emphasising control over the process, Trump said the sale would take place at full market value and that authority over the funds would remain with the US presidency.

The announcement comes after recent US military operations in Venezuela, which resulted in the detention of Venezuelan leader Nicolás Maduro and a change in power in Caracas.

Trump has since asserted that Washington is now dictating key terms for the country, including matters related to energy, commerce and security.

The comments have drawn widespread international attention, given that Venezuela possesses the world’s largest proven oil reserves, even though output has fallen sharply in recent years because of sanctions, poor management and underinvestment.

Impact on India and Global Trade Flows

India, which had previously been a major customer for Venezuelan crude, halted imports in 2019 following US sanctions.

Since then, India has diversified its supplies, increasing purchases from the Middle East, Russia and the United States.

Analysts say that diverting substantial volumes of Venezuelan oil to the US could alter established global trade patterns.

The country’s heavy crude is particularly suitable for refineries along the US Gulf Coast, which once depended heavily on supplies from Latin America and Canada.

Such a move could also limit shipments to China, currently the largest buyer of Venezuelan oil through discounted and unconventional trading arrangements.

Any rebalancing of global oil flows can influence prices and availability, an issue closely monitored in New Delhi because of India’s reliance on imported energy.

Trump presented the initiative as both a financial and strategic step, arguing that stronger US influence over Venezuelan oil would undermine criminal networks and contribute to regional stability.

“This will be taken immediately,” he wrote, closing his statement with a brief note of thanks to readers.