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Trump plans transfer of Venezuelan oil to us markets deal today

Yenişafak English AA
05:01, 07/01/2026, Wednesday
AA
Trump plans transfer of Venezuelan oil to us markets deal today
US President Donald Trump

US President Donald Trump announced a plan to move up to 50 million barrels of Venezuelan oil to the United States, framing the move as a joint benefit for both nations. The proposal follows a US-backed operation in Venezuela and places the handling of oil revenues under direct presidential oversight, raising geopolitical and energy security questions closely watched in Türkiye and beyond.

US President Donald Trump said Venezuela will deliver between 30 and 50 million barrels of sanctioned oil to the United States, placing energy, Venezuela and US oil policy at the center of a rapidly evolving regional crisis. Writing on his Truth Social platform, Trump stated that interim authorities in Caracas had agreed to the transfer, with the crude to be sold at market rates under US control, a move he said would serve both Venezuelans and Americans.

Oil transfer plan and oversight

Trump said the proceeds from the Venezuelan oil sales would be managed directly by the US presidency, stressing that the funds would be allocated “to benefit the people of Venezuela and the United States.” He added that US Energy Secretary Chris Wright had been instructed to carry out the plan without delay, with shipments transported on floating storage vessels and unloaded directly at US ports.

Military operation and Caracas raid

The announcement followed a major US military operation in northern Venezuela, where airstrikes targeted air defense systems and communications facilities. At the same time, US special operations forces carried out a raid in Caracas, detaining President Nicolás Maduro and his wife, Cilia Flores. During their initial court appearance on drug- and weapons-related charges, both pleaded not guilty, according to US officials.

Strategic framing and regional impact

The Trump administration has linked the intervention to a renewed interpretation of the Monroe Doctrine, presenting it as a campaign against alleged narco-trafficking and corruption while also emphasizing access to Venezuela’s vast oil reserves. The developments are being closely monitored by regional and global actors, including Türkiye, as they carry implications for energy markets, international law and power balances across the Americas.

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