In an announcement on Tuesday, President Donald Trump declared that the United States is set to receive a massive influx of crude oil from Venezuela, orchestrated through what he termed the country’s “Interim Authorities.”
Taking to Truth Social, the President outlined a deal involving the transfer of 30 to 50 million barrels of “high-quality, sanctioned oil.” According to the post, the oil will be transported via storage ships directly to U.S. unloading docks, though specific timelines for arrival were not provided.
The administration plans to sell the crude at market value. However, the financial handling of the sale appears unprecedented.
READ: Dozens Of Cuban And Venezuelan Troops Killed In US Raid To Seize Maduro
President Trump stated explicitly that the revenue generated “will be controlled by me, as President of the United States.” He asserted that this control is necessary to ensure the funds are utilized for the mutual benefit of the Venezuelan and American people.
Energy Secretary Chris Wright has been tasked with executing the plan immediately, signaling a rapid mobilization of U.S. energy logistics to handle the incoming supply.
By accepting “sanctioned oil” and taking direct executive control over the proceeds, the administration appears to be bypassing traditional diplomatic and treasury channels usually involved in asset seizures or international trade with sanctioned entities.
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