President Says Proceeds Will Be Controlled By The United States And Directed Toward Venezuelan People And U.S. Interests

Tuesday, January 6, 2026, 8:50 P.M. ET. 3 Minute Read, By Jennifer Hodges, Political Editor: Englebrook Independent News,

WASHINGTON, DC.- President Donald Trump announced Tuesday night that interim Venezuelan authorities have agreed to transfer between 30 million and 50 million barrels of previously sanctioned Venezuelan oil to the United States, marking a significant development in U.S.–Venezuela relations and global energy markets.

     Posting on Truth Social from Washington, President Trump said the oil will be sold on the open market, with proceeds intended to benefit both the Venezuelan people and the United States, while remaining outside the control of entrenched political actors inside Venezuela.

     According to the President, the oil involved had been frozen under international sanctions, preventing its lawful sale or export for years amid Venezuela’s prolonged political and economic crisis.

Control Of Proceeds Central To Agreement;

     President Trump emphasized that control of the revenue generated from the oil sales would remain under his authority and U.S. oversight, a condition he described as essential to preventing diversion of funds and restoring accountability.

     No independent escrow mechanism or third-party administrator was identified during the announcement, though the President indicated that further details would be released in the coming days regarding the structure of the sales, revenue handling, and oversight safeguards.

Strategic And Humanitarian Implications;

     If executed, the agreement would represent one of the largest single releases of sanctioned Venezuelan oil since U.S. and international restrictions were imposed, potentially adding meaningful supply to global markets at a time of continued energy volatility.

     Administration officials characterized the move as both strategic and humanitarian, arguing it would:

• Inject additional supply into global oil markets
• Generate funds intended for humanitarian relief and economic stabilization
• Reduce leverage held by hostile regimes and illicit networks
• Advance U.S. energy and foreign-policy objectives

     The announcement comes amid ongoing efforts by Washington to reshape its approach toward Venezuela while maintaining pressure against corruption, authoritarian governance, and human-rights abuses.

Questions Remain;

     As of Tuesday night, no formal documentation of the agreement had been released publicly, and officials did not specify which interim Venezuelan authorities were party to the deal or how the oil would be physically transferred and marketed.

     Energy analysts and foreign-policy observers noted that while the announcement could have far-reaching consequences, its implementation will depend heavily on legal clarity, enforcement mechanisms, and international cooperation.

     The White House said additional briefings are expected later this week.

Editor’s Note:

This article reflects statements made by President Donald Trump during his public announcement on the evening of January 6, 2026. At the time of publication, details regarding the operational, legal, and oversight framework of the oil transfer and sale had not yet been independently released. Englebrook Independent News will continue to update this report as verified information becomes available.