India, Jan. 7 -- US President Donald Trump on Tuesday announced the 'interim government' in Venezuela will sell 30 million to 50 million barrels of "high quality" oil to the US at its market price.

Trump said the money would be controlled by him and it would be used to benefit the people of Venezuela and the US.

In his Truth Social page, Trump said: "I am pleased to announce that the Interim Authorities in Venezuela will be turning over between 30 and 50 MILLION Barrels of High Quality, Sanctioned Oil, to the United States of America."

"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 S...