World

‘Going to get that crude moving again’: US lays out plan to sell Venezuelan oil indefinitely

January 7, 2026

The Trump administration has unveiled a three-phase plan to control Venezuelan oil sales indefinitely, focusing on stabilization, economic recovery, and political transition following the seizure of President Nicolás Maduro. This strategy aims to leverage Venezuela's oil resources while managing revenues through US-controlled accounts.

US President Donald Trump departs after he delivered remarks at the House Republican Party (GOP) member retreat at the Kennedy Center in Washington, DC, on January 6, 2026. (Photo by Mandel NGAN / AFP)

Credit: Mathrubhumi

Key Highlights

The US will indefinitely control sales of Venezuelan oil.
A three-phase plan includes stabilization, recovery, and political transition.
Revenues from oil sales will be managed in US-controlled financial accounts.
The strategy follows the US seizure of Nicolás Maduro amid narco-terrorism charges.

World

Sources

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

‘Going to get that crude moving again’: US lays out plan to sell Venezuelan oil indefinitely

Key Highlights

Sources

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