In a significant declaration that could reshape energy diplomacy, former and potential future US President Donald Trump has announced that Venezuela is set to transfer a massive quantity of oil to the United States. The claim, made via a social media post, states that the South American nation will "turn over" between 30 to 50 million barrels of crude oil to the US.
The Core of Trump's Announcement
According to the post made on 07 January 2026, the oil, with an estimated market value of $2 billion, will be sold at prevailing market prices. However, the most striking aspect of the announcement is Trump's assertion regarding the control of the resultant revenue. He stated, "This Oil will be sold at its Market Price, and that money will be controlled by me, as President of the United States of America, to ensure it is used to benefit the people of Venezuela and the United States!"
This statement directly implies that, should he return to the White House, Trump would personally oversee the multi-billion dollar fund generated from the sale of Venezuelan oil. The stated dual-purpose is to ensure benefits for both American and Venezuelan citizens, though the mechanism for this distribution remains unspecified.
Context and Potential Implications
This announcement comes amidst a complex geopolitical landscape. Venezuela, home to the world's largest proven oil reserves, has been under various US sanctions for years, impacting its ability to export crude freely. A deal of this magnitude, if realized, would represent a dramatic shift in relations between the two countries.
The proposal raises immediate questions:
- Legal and Diplomatic Framework: Under what agreement would such a transfer occur, and how would it align with or alter existing US sanctions policy?
- Control of Funds: The concept of a sitting US President personally controlling a specific fund from a foreign state transaction is unusual and would likely face significant legal and congressional scrutiny.
- Venezuelan Response: The announcement was made unilaterally by Trump via social media. Official confirmation or details from the Venezuelan government of Nicolás Maduro are not yet part of the public record.
Market and Political Repercussions
The potential injection of 30 to 50 million barrels of Venezuelan oil into the US market could have noticeable effects on global oil prices and energy security calculations. For the US, it would mean diversifying import sources. For Venezuela, it could provide a crucial financial lifeline.
Politically, the claim has instantly become a major talking point. It underscores Trump's campaign-trail approach to foreign policy and energy security, framing it as a direct deal that he can broker and manage for national benefit. The use of the phrase "Money will be controlled by me" is a powerful, if controversial, central pledge.
As of now, the announcement stands as a social media post from a presidential candidate. Its transition into concrete policy will depend entirely on the outcome of the upcoming US election and subsequent complex negotiations between governments. The world will be watching to see if this bold claim materializes into a tangible shift in hemispheric relations and global energy flows.
