Donald Trump has announced that Venezuela will send 30 to 50 million barrels of sanctioned oil to the United States. This move comes as Venezuela tries to avoid deep output cuts amid a US blockade on its exports since mid-December. Trump said, "This Oil will be sold at its Market Price, and that money will be controlled by me, as President of the United States of America, to ensure it is used to benefit the people of Venezuela and the United States!" Venezuela currently holds millions of barrels of oil in storage and on tankers, unable to ship due to the US blockade. This pressure campaign led to the overthrow of Nicolás Maduro, who was seized by US forces over the weekend. Trump added, "I have asked Energy Secretary Chris Wright to execute this plan, immediately," explaining the oil would be taken by storage ships and brought directly to unloading docks in the US. Earlier reports said officials in Caracas and Washington discussed exporting Venezuelan crude to US refiners. This aims to divert oil supplies from China, which has been Venezuela's top buyer for years, and help PDVSA avoid further output cuts. This is a breaking story with updates from Reuters.