U.S. President Donald Trump announced that interim authorities in Venezuela will transfer between 30 million and 50 million barrels of oil to the United States.
The deal was shared on his social media platform and marks a major shift in U.S.–Venezuela energy relations.
Strategic energy supply: The barrels represent a significant amount of crude, roughly equivalent to a couple of days of U.S. oil consumption, providing a short-term boost to supply.
Economic impact: At current oil prices, 30 – 50 million barrels could be worth around $2 – $3 billion, impacting markets and potential refinery feedstock.