The United States is set to receive a significant shipment of oil from Venezuela’s interim government, according to President Donald Trump. In a statement on his social media platform, Trump announced that between 30 and 50 million barrels of high-quality oil will be delivered to the US. The proceeds from the sale of this oil, which will be sold at market price, will be controlled by the US President to ensure they benefit both the Venezuelan and American people.
This development comes as Venezuela’s caretaker president, Delcy Rodriguez, continues to shape her administration. On Tuesday, she appointed Calixto Ortega Sanchez, a former central bank director, to lead the country’s economic efforts. Ortega Sanchez has a background in the oil industry and previously led Venezuela’s central bank from 2018 to 2025.
The appointment is significant, given the economic challenges facing Venezuela. The country has been plagued by hyperinflation, food and medicine shortages, and a declining oil production. The US has been a key player in recognizing Venezuela’s interim government, which has been at odds with the regime of leftist leader Nicolas Maduro.
The oil deal announced by Trump is likely to be seen as a positive development for both countries. For the US, it provides a new source of energy, while for Venezuela, it offers a potential lifeline for its struggling economy. However, the details of the agreement, including the timeline for delivery and the mechanisms for controlling the proceeds, remain unclear.
The situation in Venezuela remains complex, with the international community divided over the legitimacy of the Maduro regime. The US and many other countries recognize the interim government, while others, including Russia and China, continue to support Maduro. As the situation continues to unfold, the international community will be watching closely to see how the oil deal and other developments impact the country’s future.
