shot-button
Home > News > World News > Videos > Trump’s $2bn Venezuela oil heist explained: China kicked out, what’s at stake

Trump’s $2bn Venezuela oil heist explained: China kicked out, what’s at stake

07 January,2026 01:37 PM IST

U.S. President Donald Trump says Venezuela will transfer up to  50 million barrels of oil to the United States following a dramatic power shift in Caracas. Trump claims the oil will be sold at market prices, with proceeds used to benefit both Americans and Venezuelans. U.S. officials say the move follows years of sanctions over disputed elections and foreign alliances involving China, Russia, Iran, and Cuba.

07 January,2026 01:37 PM IST

This website uses cookie or similar technologies, to enhance your browsing experience and provide personalised recommendations. By continuing to use our website, you agree to our Privacy Policy and Cookie Policy. OK