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International Business Times UK
International Business Times UK
World
Jay Gotera

Trump Secures Deal for 30-50 Million Barrels of Venezuelan Oil at Market Prices

US President Donald Trump speaks during a press conference on the Venezuela oil agreement on 7 January 2026. (Credit: Getty Images)

US President Donald Trump has brokered an agreement to acquire between 30 and 50 million barrels of Venezuelan oil.

This development occurs amid a backdrop of escalating tensions, following a recent US-led operation that resulted in the capture of President Nicolás Maduro on charges of narcoterrorism.

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