President Trump revealed that Venezuela will hand over millions of barrels of sanctioned oil to U.S. control. The move tightens oversight of Caracas while sidelining China and Russia.
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President Trump announced that Venezuela’s interim authorities will transfer up to 50 million barrels of sanctioned oil to the United States, with proceeds managed under U.S. control. The move follows the capture of Nicolás Maduro and marks a dramatic shift in control over Venezuela’s vast oil reserves.