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Trump says Venezuela to turn over 30 to 50 million barrels of oil to US

visibility comment0 event January 7, 2026 timer 11:27

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The US president unveils a plan to sell up to 50 million barrels of Venezuelan oil – worth around US$2 billion to Washington. Jagruti Dave reports on how Venezuela’s oil reserves are shaping US involvement in the country. Meanwhile CNA’s Tan Yew Guan has more on China’s response to reports that Trump is demanding Caracas cut ties with Beijing.

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