Here’s the latest.

President Trump claimed on Tuesday that Venezuela would begin supplying the United States with 30 to 50 million barrels of oil, roughly two months' worth of their daily production. Trump stated he would control the profits from the sale of this oil to benefit both Venezuelans and Americans, though it's unclear what Venezuela would receive in return. The announcement comes amid political and economic turmoil in Venezuela, along with U.S. sanctions. It is also unclear what legal basis the U.S. would have to claim the oil if leaders in Caracas did not agree to Mr. Trump’s plan. The timeframe for the shipments and the source of the oil were not specified. Administration officials are scheduled to meet with Western oil companies this week to discuss next steps in Venezuela.

President Trump claimed Venezuela would send 30 to 50 million barrels of oil to the United States, with profits controlled by the U.S. "to benefit" both countries. The claim follows the capture of President Maduro and amid threats of a naval blockade. It's unclear what Venezuela would receive in return for the oil, valued at $1.8 to $3 billion, or the legal basis for the U.S. to claim it without Caracas's agreement. The timeline and source of the oil are also unspecified. The announcement comes as Venezuelan officials intensify crackdowns on citizens. U.S. officials plan to meet with Western oil companies to discuss next steps in Venezuela, with Energy Secretary Wright meeting executives Wednesday and Trump potentially meeting with major oil companies Friday.