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Home National & International

US-Venezuela Oil Deal Sparks Political And Diplomatic Tensions

Lagatar News by Lagatar News
January 7, 2026
in National & International
US-Venezuela Oil Deal Sparks Political And Diplomatic Tensions
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Lagatar24 Desk

Washington: Former US President Donald Trump has announced that the United States will receive between 30 to 50 million barrels of oil from Venezuela at market price, a move that has triggered fresh geopolitical tensions amid claims of US control over Venezuela’s transition period.

Trump Announces Oil Purchase Plan

Donald Trump stated on his social media platform that Venezuela’s “Interim Authorities” would sell high-quality oil to the US, with Energy Secretary Chris Wright directed to execute the plan immediately. According to Trump, the oil will be transported via storage ships and unloaded directly at US ports. He claimed that the proceeds from the sale would be controlled by him but used for the benefit of both Venezuelan citizens and Americans.

White House Engages US Oil Giants

In parallel, the White House is reportedly arranging a high-level Oval Office meeting with executives from major oil companies including Exxon, Chevron, and ConocoPhillips to discuss Venezuela-related energy plans. Venezuela holds nearly 20 percent of global oil reserves, but experts caution that boosting production quickly remains difficult due to aging infrastructure, low investment, and ongoing political instability.

Venezuela Rejects Foreign Control Claims

Venezuela’s interim president Delcy Rodriguez rejected Trump’s assertion that Washington is “running” the country, insisting that Venezuela remains sovereign and self-governed. While expressing conditional openness to dialogue, Rodriguez also issued strong statements defending national independence following the capture of former leader Nicolas Maduro in a US-led operation.

Rising Casualties And Regional Fallout

Venezuela’s military confirmed the deaths of 23 personnel, including five generals, during US strikes, while Cuba reported the loss of 32 military members linked to Maduro’s security detail. Civilian casualty figures remain unconfirmed, though Venezuela’s attorney general has cited dozens of deaths. The situation continues to raise concerns across the region about escalation and humanitarian consequences.

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