US Seizes Millions of Barrels of Venezuelan Oil

US President Donald Trump announced that his country is extracting millions of barrels of oil from Venezuela. The relationship between Washington and Caracas has been described as 'extraordinary' by Trump, who praised the cooperation with the Venezuelan government.

The agreement allows US companies to operate in Venezuela, with production expected to increase as American companies expand their operations in the country.

Under this arrangement, millions of barrels of new oil output from Venezuela will be processed through US refineries. The deal is seen as a key element of Washington's plans for stabilization and economic recovery in Venezuela.