Trump says he wants to free up Venezuelan oil flow. What was blocking it?
AI Summary
In January 2026, U.S. President Donald Trump and Secretary of State Marco Rubio announced plans to free up Venezuelan oil flow, stating the proceeds would benefit both Venezuelans and the United States after U.S. forces abducted President Maduro. Trump claimed U.S. oil companies would rebuild Venezuela's oil infrastructure, funded directly by the companies and reimbursed through oil sales. Trump stated Venezuela will turn over 30 to 50 million barrels of sanctioned oil to the U.S. and that he would control the money from the sale of Venezuelan oil to ensure it benefits both countries. A key factor hindering Venezuelan oil production, which Trump and Rubio did not mention, is the U.S. sanctions imposed on Venezuela's oil industry.
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