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Trump says Venezuela sent him a million barrels of oil 'as a gift'
President Donald Trump told reporters that the U.S. 'took over Venezuela very successfully' and that Caracas sent him a shipment of about a million barrels of oil as a gift, which he said he is giving to the United States.
President Donald Trump said Tuesday that the United States "took over Venezuela very successfully" and that the South American country had sent him a tanker of oil as a present.
"They've sent me as a gift a boatload of a million barrels of oil, and I'm giving that to the United States of America," Trump told reporters on the tarmac at Joint Base Andrews before departing for a campaign trip. He predicted oil prices are "going to be dropping very sharply."
From market sale to 'gift'
The Associated Press reported that the Venezuelan crude is expected to be processed at refineries in Texas. Trump offered no details on the terms of the shipment, and there was no immediate comment from Venezuela's interim authorities.
The "gift" framing marks a shift from January, when Trump said Venezuela's interim government would hand over 30 million to 50 million barrels of sanctioned oil to be sold at market price, with the proceeds under his control. That deal was estimated to be worth as much as $2.8 billion.
Maduro in U.S. custody
The U.S. military operation Trump ordered in January led to the capture of President Nicolás Maduro, who is being held in New York on federal charges including drug trafficking. Venezuela is now led by acting President Delcy Rodríguez.
Trump's remarks come as gasoline prices remain elevated amid the war with Iran, a central issue for Republicans a week before the Nov. 3 midterm elections.
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