Washington DC, Jan. 7 -- US President Donald Trump announced on Tuesday that the interim authorities in Venezuela would turn between 30 and 50 million barrels of sanctioned oil to the United States and said that while the oil will be sold at its market price, the money will be controlled by Trump to ensure it is used to benefit the people of Venezuela and the United States.

In his post on Truth Social, the US President further said that he has asked Energy Secretary Chris Wright to execute the plan immediately and that the oil would be taken by storage ships and brought directly to the unloading docks in the US.

"I am pleased to announce that the Interim Authorities in Venezuela will be turning over between 30 and 50 MILLION Barrels of ...