Trump says Venezuela to hand over up to 50 million barrels of oil to US

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US president says oil will be sold at market prices and that he will control resulting revenues.

United States President Donald Trump has announced that Venezuela will turn over between 30 and 50 million barrels of sanctioned oil.

“This Oil will be sold at its Market Price, and that money will be controlled by me, as President of the United States of America, to ensure it is used to benefit the people of Venezuela and the United States!” Trump said on his platform Truth Social on Tuesday.

“I have asked Energy Secretary Chris Wright to execute this plan, immediately. It will be taken by storage ships, and brought directly to unloading docks in the United States.”

More to follow…