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Venezuelan oil

TIME Magazine

|

February 09, 2026

After the U.S. military operation that led to the capture of Venezuela's President, Nicolás Maduro, Secretary of State Marco Rubio said that the U.S. would seize and sell up to 50 million barrels of the South American nation's oil.

- Chantelle Lee

Now that plan is playing out, as a Trump Administration official confirmed to TIME on Jan. 14 that the White House has secured its first sale of Venezuelan oil.

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