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The US says it will control sales of Venezuelan oil ‘indefinitely’ and decide how the proceeds of those sales are used.

A tanker at sea.

Video Duration 02 minutes 18 seconds

02:18

US seizes two sanctioned oil tankers: 'Ghost fleet' vessels linked to Venezuela raided

Published On 8 Jan 2026

  • The United States says it will control sales of Venezuelan oil “indefinitely” and decide how the proceeds of those sales are used.
  • President Donald Trump said Caracas would hand over between 30 and 50 million barrels of oil to Washington.