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Trump Plans To Import Venezuelan Oil Because Sanctions Are Just Strong Suggestions

KEY POINTS

  • •President Donald Trump announced plans on January 2026 to import 30 to 50 million barrels of Venezuelan oil.
  • •Delcy RodrĂ­guez, Venezuela's interim president since January 5, 2026, has not responded to the import proposal.
  • •Trump ordered Energy Secretary Chris Wright to start the plan immediately while also considering subsidies for US oil companies.

In a move that makes about as much sense as a screen door on a submarine, President Donald Trump announced on Truth Social in January 2026 he'll be importing between 30 and 50 million barrels of Venezuelan oil—sanctioned, of course—directly from interim Venezuelan leader Delcy Rodríguez, who hasn't RSVP’d to the party yet. Rodríguez, sworn in the day after the US nabbed Nicolás Maduro and his better half, remains suspiciously quiet. Trump’s got Energy Secretary Chris Wright on the case to 'immediately' start shipping, despite no clue how to get past legal fireworks or crumbling Venezuelan oil infrastructure. Subsidies to American oil firms are on the table, with vague costs, because why budget when you’re playing improvisational geopolitics? Venezuela, despite hosting world's largest oil reserves, pumps out less than 1% of global oil, but hey, that’s never stopped optimism before.

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Source: Businessinsider | Published: 1/7/2026 | Author: Katherine Li