On Tuesday, US President Donald Trump announced that interim authorities in Venezuela will turn over 30 million to 50 million barrels of sanctioned oil to the United States. The announcement came via Trumps Truth Social post.
According to Trump, the oil will be sold at market price. He said the proceeds will be under his control as president, with the goal of ensuring the money "is used to benefit the people of Venezuela and the United States." 🤝🛢️
If the plan moves forward, it could boost energy supplies in the US and provide a financial lifeline for Venezuelas struggling economy. By converting sanctioned assets into usable funds, both countries could see new opportunities for relief and growth. 🌎✨
However, many questions remain: How and when will the transfer take place? Who will oversee the sale and distribution of funds? Stakeholders on both sides will be watching closely for details. 👀
Reference(s):
Trump says Venezuela will 'turn over' up to 50m barrels of oil to U.S.
cgtn.com
