Key Metrics
10.89
Heat Index-
Impact LevelMedium
-
Scope LevelNational
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Last Update2026-01-07
Key Impacts
Positive Impacts (2)
Negative Impacts (8)
Event Overview
This event highlights the economic and political dynamics between the U.S. and Venezuela, involving the sale of Venezuelan crude oil on the global market. The proceeds are managed by the U.S. and distributed to both countries, reflecting a complex interplay of international trade and diplomacy.
Collect Records
U.S. Begins Selling Venezuelan Oil to Global Markets
The U.S. government has started selling Venezuelan crude oil in the global market. The proceeds from these sales will be deposited into a U.S.-controlled bank account and distributed by the U.S. government to the people of both the U.S. and Venezuela. According to Trump, the interim government of Venezuela will transfer 30 to 50 million barrels of oil to the United States.