đš BREAKING â Venezuela â U.S. Oil Shift Announcement đșđžđ»đȘ
U.S. President Donald Trump announced that Venezuelaâs interim authorities will turn over between 30 million and 50 million barrels of high-quality, sanctioned oil to the United States to be sold at market price, with proceeds controlled by the U.S. government to benefit both countries.
đ Key Points âą Venezuela will transfer 30â50M barrels of oil to the U.S. for sale.
âą The oil will be sold at market prices, and Trump said he will control the proceeds to fund initiatives benefiting both nations.
âą Energy Secretary Chris Wright has been tasked to execute the plan immediately.
âą The deal could be worth up to ~$2 billion based on current crude pricing.
đ Market Impact âą Adds incremental U.S. crude supply, contributing to recent downward pressure on oil prices.
âą Highlights a significant geopolitical shift in Venezuela-U.S. energy dynamics.
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