EVENT ENDEDLast updated January 07, 2026, 10:51 PM EDT

U.S. seizes two sanctioned tankers; Trump says Venezuela will 'turn over' up to 50 million barrels of oil

NBC News Clone summarizes the latest on: Live Updates Venezuela Crisis Trump Oil Greenland Rcna252736 - Breaking News | NBC News Clone. This article is rewritten and presented in a simplified tone for a better reader experience.

President Donald Trump told NBC News he could launch a second military operation into Venezuela if its acting president stops cooperating.

This live blog has now ended.

What we know

72d ago / 10:51 PM EDT

Vance says U.S. will control Venezuela through oil

Vance said in his interview with Fox News that the U.S. will maintain control over Venezuela through its energy resources.

“The way that we control Venezuela is we control the purse strings. We control the energy resources, and we tell the regime: You’re allowed to sell the oil so long as you serve America’s national interest. You’re not allowed to sell it if you can’t serve America’s national interest,” he said.

“And that’s how we exer incredible pressure on that country without wasting a single American life, without endangering a single American citizen.”

Vance also insisted in the interview that the U.S. military operation that resulted in Maduro’s capture was a law enforcement action.

“We had a legitimate indictment for Maduro, for narco-terrorism, for weapons smuggling and weapons trafficking. And we went in with the best military in the world. We got our guy. He’s going to stand trial,” Vance said.

He added, “That’s not a kidnapping; that’s a law enforcement operation.”

73d ago / 9:21 PM EDT

Denmark, Greenland lobby U.S. lawmakers as Trump administration threatens Arctic island

Denmark’s and Greenland’s top envoys to the U.S. are making the rounds on Capitol Hill stressing their standing commitment to Arctic security and Greenland’s sovereignty as the Trump administration continues its threats to acquire the island in the name of national security. 

Danish Ambassador Jesper Møller Sørensen and Greenland’s representative to the U.S., Jacob Isbosethsen, met with House members on both sides of the aisle today, according to a congressional aide and Danish official, and will meet tomorrow with a bipartisan group of senators. 

"Important discussions today w @RepGregoryMeeks,” Sørensen said on X, posting photos with the ranking members of the House Foreign Affairs Committee. “I & Head of @GreenlandRepDC Jacob Isbosethsen shared our perspective on 225 years of Kingdom of DK-US partnership & GRL sovereignty & that 🇩🇰🇬🇱 [Denmark, Greenland] are committed to ensure regional security.”

Sørensen and Isbosethsen also met with Rep. Mike Flood, R-Neb. Sørensen said their main message was we “take Arctic security seriously."

He added, “We shared our commitment to security in the region — incl. $13.7bn investment in defense committed by 🇩🇰 [Denmark] since Jan. 1, 2025.”

73d ago / 8:30 PM EDT

Photos show supporters of Colombian president in Bogotá

Trump has accused Colombian President Gustavo Petro of being involved in the drug trade. But Trump said on Truth Social that the two would meet soon at the White House.

Ted Turner / NBC News

Ted Turner / NBC News

Ted Turner / NBC News

73d ago / 7:45 PM EDT

Trump’s MAGA base backs his handling of Venezuela and Maduro capture, allies say

The U.S. raid that captured Maduro and installed his deputy has handed Trump a headline foreign policy victory — and opened questions about how far Trump’s “America First” movement is willing to go with him.

Trump has celebrated the mission, saying aboard Air Force One that voters are “thrilled” and later calling it “brilliant, tactically.” He has said the United States would “run” Venezuela for a time and has not ruled out sending ground troops, a stance that sits uneasily with a political brand built around his warnings against foreign adventurism.

Read the full story here.

73d ago / 7:01 PM EDT

Trump says he will meet Colombian president after accusing him of being involved in drug trade

Trump appeared to reverse his stance on Colombian President Gustavo Petro, whom he had accused of being involved in the drug trade, and announced on Truth Social that the two will meet.

"It was a Great Honor to speak with the President of Colombia, Gustavo Petro, who called to explain the situation of drugs and other disagreements that we have had," Trump wrote.

"I appreciated his call and tone, and look forward to meeting him in the near future. Arrangements are being made between Secretary of State Marco Rubio and the Foreign Minister of Colombia. The meeting will take place in the White House in Washington, D.C."

73d ago / 6:48 PM EDT

Energy secretary expresses optimism about U.S. oil companies investing in Venezuela

Energy Secretary Chris Wright expressed optimism about American oil companies investing in Venezuela in an interview with CNN.

“Oh, they won’t need convincing. I’m getting barraged with inbounds," he said.

He added: “Of course, to make the very big, long-term investments, we’ve got to get the government in a better place where they’ve got secure rule of law, national security, a government that represents the people of Venezuela, and that’s a process. We’re not going to get there overnight.”

73d ago / 5:57 PM EDT

Rubio held call with G7 foreign ministers yesterday

Secretary of State Marco Rubio spoke yesterday with Group of 7 foreign ministers and discussed the U.S.’ counternarcotics operations in the Caribbean, the arrest of deposed Maduro and the need to ensure a proper, judicious transition of power in Venezuela, according to State Department principal deputy spokesperson Tommy Pigott.

The G7 includes Canada, the U.K., Germany, France, Italy and Japan

73d ago / 5:13 PM EDT

Trump says Venezuela will be purchasing American products under new oil deal

Trump said on Truth Social that Venezuela will purchase American-made products with the money it receives from the new deal arranged with his administration.

"I have just been informed that Venezuela is going to be purchasing ONLY American Made Products, with the money they receive from our new Oil Deal. These purchases will include, among other things, American Agricultural Products, and American Made Medicines, Medical Devices, and Equipment to improve Venezuela’s Electric Grid and Energy Facilities," Trump wrote.

"In other words, Venezuela is committing to doing business with the United States of America as their principal partner — A wise choice, and a very good thing for the people of Venezuela, and the United States. Thank you for your attention to this matter!"

73d ago / 4:28 PM EDT

Venezuelan state-owned oil company says it’s negotiating with the Trump administration

WASHINGTON — Venezuelan state-owned oil company says it’s negotiating with the Trump administration to let it sell the country’s oil.

73d ago / 3:42 PM EDT

Hands off Colombian president, protester says

Jesid Flores, 83, has a warning for Trump: Hands off Colombian President Gustavo Petro.

“This is a sovereign country, a free country," Flores, a retired health ministry worker, told NBC News. “All of Latin America is free — we chose our own leaders.”

Jesid Flores holds a sign that reads "Movimiento Liberales De Base #PoderConstituyenteYa Gracias Petro #FirmaSancionPresidencial Reforma Pensional !Trabajando Duro Estamas Con La Gente!

Jesid Flores, 83, a supporter of Colombian President Gustavo Petro, in the central Bolivar Square in Bogotá. Brinley Bruton / NBC News

Flores was in the central Bolivar Square in Bogotá ahead of a demonstration in support of Petro, a leftist leader who has been attacked by Trump and accused of having ties to drug trafficking.

That claim and the American military intervention in Venezuela this weekend have outraged some in neighboring Colombia, particularly those on the left, who warn of American interventionism and regional hegemony.

73d ago / 3:16 PM EDT

Republican leaders push back on Trump’s openness to using the military to take Greenland

Top Republicans on Capitol Hill, including leaders of the House and the Senate, are pushing back against Trump on Greenland, saying it would be inappropriate for the U.S. to use military force to take over the Arctic island.

House Speaker Mike Johnson, R-La., said last night he did not think it would be “appropriate” for the U.S. to use military action to acquire Greenland, a semiautonomous territory controlled by Denmark, a founding member of NATO.

This morning, Johnson told reporters he did not think “anybody’s seriously considering that.”

Senate Majority Leader John Thune, R-S.D., also rejected the idea, telling reporters yesterday that he does not see “military action being an option” in Greenland. “That, to me, is that’s not something that anybody is contemplating seriously at this point,” he said.

Read the full story here.

73d ago / 2:30 PM EDT

Venezuelan state-owned oil company disputes deal with U.S.

The state-owned oil and gas company of Venezuela, Petróleos de Venezuela, S.A., disputed that it made a deal to sell oil to the U.S.

Trump announced last night that “the Interim Authorities in Venezuela will be turning over between 30 and 50 MILLION Barrels of High Quality, Sanctioned Oil, to the United States of America.”

PDVSA said in a statement today that it was only in "negotiations" over the sale of oil. It added that it would be “a strictly commercial transaction, with the criteria of legality, transparency, and benefit for both parties."

73d ago / 1:59 PM EDT

Russia pleads with U.S. to ensure safety of citizens on seized tanker

In its state media, Russia pleaded with the U.S. to ensure the safe return of its citizens on a Russian-flagged oil tanker seized today.

The U.S. seized the tanker, formerly known as Bella 1, earlier today after it fled the American blockade of Venezuela last month.

The tanker was seized in European waters.

73d ago / 1:31 PM EDT

Speaker Mike Johnson: ‘We’re not involved with boots on the ground’ in Venezuela

After a briefing with the entire House, Speaker Mike Johnson, R-La., said that “we’re not involved with boots on the ground” in Venezuela.

Responding to questions from reporters, he added, “We don’t anticipate boots on the ground,” in Venezuela, Greenland or anywhere else Trump administration officials have floated taking action in recent days.

His remarks came after White House press secretary Karoline Leavitt told reporters that while there are no boots on the ground in Venezuela, “the president, of course, reserves the right to use the United States military if necessary.”

Later in the White House briefing, Leavitt didn’t rule out the possibility of using military forces in Greenland.

“All options are always on the table for President Trump as he examines what’s in the best interest of the United States, but I will just say that the president’s first option always has been diplomacy,” she said. “Again, look at Venezuela: He tried ardently to strike a good deal with Nicolás Maduro, and he told him, 'I will use the United States military and you will not like it, if you don’t take such a deal,' and look at what happened.”

Johnson also spoke about the goal of the U.S. to open the door for democracy in Venezuela, saying that the mission won’t be paid for by the American people.

“I don’t assume that any U.S. taxpayer dollars will be spent to run an election in Venezuela,” Johnson said.

73d ago / 1:03 PM EDT

Rubio says U.S. is not 'winging it' in Venezuela

Secretary of State Marco Rubio pushed back on the criticism of the U.S. military operation in Venezuela.

Addressing reporters on Capitol Hill following a private meeting with senators, Rubio said the U.S. is "not winging it" in Venezuela.

"The bottom line is, we’ve gone into great detail with them about the planning. We’ve described it to him," Rubio said, addressing reporters on Capitol Hill. "In fact, it’s not just winging it. It’s not just saying or speculating, it’s going to happen. It’s already happening."

73d ago / 12:39 PM EDT

Mother mourns at wake for Venezuelan soldier

Ramona Palma, mother of Venezuelan soldier Cesar Garcia, mourns during his wake in Caracas on Wednesday, Jan. 7, 2026, after Garcia was killed in a U.S. raid that captured Venezuelan President Nicolas Maduro.

 Matias Delacroix / AP

Ramona Palma, mother of Cesar Garcia, mourns during his wake in Caracas today. Garcia was killed in the U.S. raid that captured Venezuelan leader Nicolás Maduro.

73d ago / 12:21 PM EDT

Chuck Schumer, Tim Kaine call on Senate and House GOP leadership to hold hearings on Venezuela

Following a briefing for all senators from Trump administration officials about Venezuela, Senate Minority Leader Chuck Schumer, D-N.Y., and Sen. Tim Kaine, D-Va., told reporters that they’d like House and Senate GOP leadership to hold public hearings about the Trump administration’s operations in Venezuela.

“The American people need answers,” Schumer told reporters after accusing Trump administration officials of only briefing lawmakers behind closed doors.

“Neither the House or the Senate have been willing to hold a hearing. ... Why not?” Kaine asked.

The Senate minority leader added that he was “totally dissatisfied” with the answers senators received from the Trump administration briefers about conducting future operations in other countries, succession in Venezuela and whether the U.S. will try to take control of Greenland.

73d ago / 12:16 PM EDT

Karoline Leavitt lays out the future of Venezuelan oil

White House press secretary Karoline Leavitt said during a press briefing that the U.S. government “has already begun marketing Venezuelan crude oil” with the global marketplace.

“All proceeds from the sale of Venezuelan crude oil and products will first settle in U.S.-controlled accounts at globally recognized banks to guarantee the legitimacy and integrity of the ultimate distribution of proceeds, and those funds will be dispersed for the benefit of the American people and the Venezuelan people at the discretion of the United States government,” she added.

Trump said yesterday that the interim Venezuelan government will turn over 30 million to 50 million barrels of oil to the U.S.

73d ago / 12:05 PM EDT

Rubio says he outlined three-step process for future of Venezuela in Senate briefing

Following a briefing from Trump administration officials to all senators on Capitol Hill, Secretary of State Marco Rubio outlined the three-phase process the U.S. plans to embark on in Venezuela, a process Rubio said he outlined in detail to the Senate.

“Step one is the stabilization of the country. We don’t want it descending into chaos,” Rubio told reporters, adding that stabilization includes the “quarantine” of oil in Venezuela.

He highlighted Trump’s vision, which he announced overnight, that includes a plan to sell 30 million to 50 million barrels of Venezuelan oil at market rates.

The money from that sale of oil “will then be handled in such a way that we will control how it is dispersed in a way that benefits the Venezuelan people,” Rubio said.

“The second phase will be a phase that we call recovery,” the secretary of state added. “And that is ensuring that American, western and other companies have access to the Venezuelan market in a way that’s fair.”

Phase two also includes reconciling with the Venezuelan government to ensure that “opposition forces can be amnestied and released,” Rubio said.

Since Saturday, Maduro’s vice president, Delcy Rodríguez, has been serving as interim president, fueling worry among the leaders of Venezuela’s opposition parties, many of whom live in exile.

“The third phase, of course, will be one of transition,” Rubio told reporters, adding, “We feel like we’ll be moving forward here in a very positive way.”

73d ago / 11:48 AM EDT

U.S. attack on Venezuela destroyed building that held servers to computer networks

The U.S. attack on Venezuela "destroyed" the Mathematics Center of the Venezuelan Institute for Scientific Research, a building that previously housed a number of "servers and equipment essential to our computer networks, which were completely devastated," Gabriela Jimenez, the Venezuelan minister for science and technology, said in an Instagram post that showcased the destruction.

Four other research centers — including the physics center, the chemistry center, the ecology center and the nuclear technology unit — were also affected when two missiles struck the institute.

73d ago / 11:31 AM EDT

U.S. 'selectively rolling back' oil sanctions to enable transport and sale of oil

As Trump announced overnight, Venezuela will be "turning over" 30 million to 50 million barrels of "high-quality, sanctioned oil."

"These oil sales begin immediately" and "will continue indefinitely," a senior administration official told NBC News.

The U.S. is "selectively rolling back" sanctions to enable the transport and sale of Venezuelan crude and oil products to global markets, the official added.

As for what conditions Trump is placing on Venezuela’s interim leader to enforce these actions, the official said: "The president is speaking about exerting maximum leverage with the remaining elements in Venezuela and ensuring they cooperate with the United States by halting illegal migration, stopping drug flows, revitalizing oil infrastructure, and doing what is right for the Venezuelan people."

Venezuela US

A mural featuring oil pumps and wells in Caracas yesterday. Matias Delacroix / AP

73d ago / 11:11 AM EDT

Opposition leader Machado says her government should lead Venezuela

Venezuelan opposition leader María Corina Machado has said her government should be leading Venezuela after Maduro's ouster.

Machado won the primary to challenge Maduro in the 2024 presidential election, but was then banned from running by the country's government. Retired diplomat Edmundo González stepped in to replace her and was declared the winner by the U.S. and other nations as Maduro was accused of rigging the votes in his favor.

“The people of Venezuela have already chosen” who should lead the country now that Maduro is out of power, Machado told “CBS Evening News” anchor Tony Dokoupil last night.

When asked whether she means she should be the country's next leader, Machado said, "Absolutely yes," noting that her coalition has a president-elect — González.

"We are ready and willing to serve our people, as we have been mandated," she told CBS News.

Delcy Rodríguez, Maduro's vice president, has been installed into power to lead Venezuela.

73d ago / 10:58 AM EDT

U.S. officials confirm seizure of second tanker today

The Department of Defense and Department of Homeland Security confirmed in separate statements that the U.S. Coast Guard seized a second tanker today.

DHS Secretary Kristi Noem said in a statement on X that the Motor Taker Sophia was also seized this morning in the Caribbean. The Coast Guard is escorting the second tanker to the U.S., according to the DOD.

"The world’s criminals are on notice," Noem said in the statement. "You can run, but you can’t hide. We will never relent in our mission to protect the American people and disrupt the funding of narco terrorism wherever we find it, period."

73d ago / 10:37 AM EDT

Russia Ministry of Transport says U.S. does not have jurisdiction to use force against its vessels

Following the U.S. seizure of a Venezuelan-linked oil tanker that was sailing under a Russian flag, the country's transportation ministry said that "no state has the right to use force against vessels duly registered under the jurisdiction of other states."

According to the ministry, the Marinera was given permission to sail under a Russian flag on Dec. 24. The U.S. boarded the ship today at 3 p.m. local time, the statement said, "in the high seas beyond the territorial waters of any state."

73d ago / 10:03 AM EDT

Defense Secretary Hegseth says oil sanctions on Venezuela remain intact

Shortly after the U.S. seized a Venezuelan oil tanker, Defense Secretary Pete Hegseth said the sanctions on the country's oil remain in effect.

"The blockade of sanctioned and illicit Venezuelan oil remains in FULL EFFECT — anywhere in the world," Hegseth said in a post on X.

The U.S. placed sanctions on Venezuela's oil in the weeks leading up to this weekend's attack on the country and the capture of Maduro.

Secretary of Defense Pete Hegseth and Secretary of State Marco Rubio speak to reporters after they briefed Senators on Capitol Hill in Washington, DC on January 7, 2026.

Defense Secretary Pete Hegseth and Secretary of State Marco Rubio speak to reporters after they briefed Senators on Capitol Hill today. Brendan Smialowski / AFP - Getty Images

73d ago / 9:34 AM EDT

Mike Johnson says he thinks the White House is ‘looking at diplomatic channels’ for Greenland

House Speaker Mike Johnson, R-La., said this morning that he doesn’t “think anybody’s talking about using military force in Greenland” after he was asked whether he expressed his opposition to the idea to Trump.

“They’re looking at diplomatic channels,” Johnson told reporters.

White House press secretary Karoline Leavitt said in a statement yesterday that Trump’s team was discussing “a range of options” to acquire Greenland, adding, “utilizing the U.S. Military is always an option at the Commander in Chief’s disposal.”

Asked about Leavitt’s comments on using the military, Johnson said that “the U.S. always has military options for everything.”

“I think it’s a general statement,” he said. “I think with Greenland, it’s very clear that we are working on their diplomatic channels.”

73d ago / 9:23 AM EDT

Trump to meet with oil executives at White House

Trump is expected to meet with oil executives at the White House on Friday, according to a White House official.

Representatives from Chevron, Exxon Mobil and ConocoPhillips are planning to attend, the official said, with more likely to be added.

73d ago / 9:08 AM EDT

Wanted by the U.S., Venezuela's interior minister makes his allegiances clear

Overnight, a show of defiance inside Venezuela from Interior Minister Diosdado Cabello Rondón, who posted a video to social media making his allegiances clear.

Surrounded by armed men, together they chanted, “Loyal always, never traitors.” 

The State Department has a $25 million reward out for Cabello’s arrest. On its website, it accuses Cabello Rondón of coordination with the Revolutionary Armed Forces of Colombia (FARC) “in furtherance of the narco-terrorism conspiracy in order to transport and distribute large cocaine shipments” and providing security for them.

It adds that he helped to “provide the FARC with military-grade weapons, including machine guns, ammunition, rocket launchers, and explosives equipment.”

Cabello Rondón’s video was posted after supporters of deposed President Nicolás Maduro marched through the capital, Caracas, to show their support for the man now held in American custody. 

The government is also still cracking down on dissent, arresting people for celebrating Maduro’s capture. Journalists have also been detained. 

“People really don’t want to leave their homes,” one Venezuelan man said after crossing the border into Colombia. “There are armed groups outside conducting searches.”

NBC News agreed not to use his name over fears for his security.

73d ago / 8:37 AM EDT

U.S. launches operation to seize Russian-flagged oil tanker linked to Venezuela

FILE PHOTO: US pursuing third oil tanker near Venezuela, officials say

The vessel tanker Bella 1, now called the Marinera, at Singapore Strait, in March 2025. Hakon Rimmereid / via Reuters

The United States launched an operation today to seize a Russian-flagged oil tanker in the Atlantic, two U.S. officials told NBC News, following a dramatic weekslong chase on the high seas.

The ship has been secured, according to one of the U.S. officials.

The vessel, which changed its name from the Bella 1 to the Marinera, was initially pursued by the U.S. Coast Guard off Venezuela last month.

It emerged as a new flashpoint between Washington and Moscow and threatened to undermine the Trump administration’s blockade of the Latin American country. The Kremlin, a strong supporter of the Maduro regime, criticized what it said was “disproportionate” U.S. attention on the tanker.

Read the full story on the seizure here.

73d ago / 8:26 AM EDT

Trump says U.S. military is an option in acquiring Greenland

President Trump and his team are discussing a "range of options" for acquiring Greenland, a renewed push from his administration to acquire the nation currently controlled by Denmark.

He said that "utilizing the U.S. military is always an option" in taking over Greenland and insisted that the U.S. needs control over the country for security reasons.

Both Greenland and Denmark have requested a meeting with U.S. Secretary of State Marco Rubio following Trump's latest comments.

03:20
73d ago / 8:00 AM EDT

Trump announces Venezuela will give barrels of oil to the U.S., praises Maduro capture as 'amazing'

Overnight, Trump announced that Venezuela would turn over 30 million to 50 million barrels of oil to the U.S., which will be sold at market price. He added that the profits will be used to fund both U.S. and Venezuelan interests.

Trump also praised the strike that ultimately captured Maduro and his wife as "amazing."

02:18
73d ago / 7:51 AM EDT

A look at who’s who in Venezuela’s current leadership

After Nicolás Maduro was detained by the U.S., attention shifted to the other influential figures in Venezuela who may shape the country’s future. NBC News breaks down the main members of Maduro’s administration and the opposition.

02:49
73d ago / 7:01 AM EDT

China slams U.S. demand for exclusive access to Venezuelan oil as 'bullying'

The Trump administration’s reported demand for exclusive access to Venezuelan oil production is a “typical act of bullying,” the Chinese Foreign Ministry said.

“Venezuela is a sovereign country and enjoys full and permanent sovereignty over its natural resources and all economic activities,” ministry spokesperson Mao Ning said at a regular briefing in Beijing.

“The United States’ reckless use of force against Venezuela and its demand that Venezuela dispose of its oil resources under the principle of ‘America First’ constitute bullying behavior, seriously violate international law, gravely infringe upon Venezuela’s sovereignty, and severely harm the rights of the Venezuelan people,” she said. “China strongly condemns this.”

Beijing’s comments follow an ABC News report that the Trump administration told Delcy Rodríguez, Venezuela’s interim president, that in order to continue oil production, her country must agree to partner exclusively with the U.S. and sever economic ties with China, Russia, Iran and Cuba. China, one of Venezuela’s main allies, buys the majority of its crude oil exports, though they make up a small percentage of China’s overall oil purchases.

73d ago / 6:28 AM EDT

A tense calm on the streets of Caracas masks a multitude of fears and uncertainty for Venezuelans

Image: Supporters of ousted Venezuela's President Nicolas Maduro

Supporters of ousted Venezuelan President Nicolás Maduro wave national flags as they take part in a demonstration in Caracas on Sunday. Juan Barreto / AFP - Getty Images

This article is by F. Brinley Bruton reporting from Bogotá, Colombia, and a Caracas-based reporter who is not being identified because of safety concerns.

CARACAS, Venezuela — Days after Venezuela’s capital was rocked by explosions and the country’s leader was seized in a U.S. operation, the streets of this city were eerily quiet.

Few people are venturing from their homes, although businesses have begun to reopen and the long lines that had snaked outside the few pharmacies and supermarkets that were operational over the weekend are disappearing. Those trying to get to work using the public bus system seem to be struggling as it seems to be on a skeleton schedule.

Read the full article here

73d ago / 6:02 AM EDT

GPS systems malfunction in Venezuela after U.S. strikes

01:07

Drivers in Caracas say their GPS systems have been malfunctioning since the U.S. strikes in Venezuela despite detectors showing a strong signal. Analysts say the issues could be linked to the reported electronic jamming of satellite signals by the U.S. during its operation to capture President Nicolás Maduro.

73d ago / 5:44 AM EDT

Oil falls after Trump says Venezuela will supply to U.S.

LONDON — Oil prices fell today after Trump said the United States had reached a deal to import up to $2 billion worth of Venezuelan crude, a move that is expected to increase supplies to the world’s largest oil consumer.

Brent crude futures LCOc1 fell 35 cents, or 0.6%, to $60.35 a barrel by 0928 GMT, while U.S. West Texas Intermediate crude CLc1 fell 52 cents, or 0.9%, to $56.61 a barrel.

Both benchmarks extended declines of more than $1 from the previous trading session, as market participants expected ample global supply this year.

73d ago / 5:30 AM EDT

France: Rubio told us Greenland won't be Venezuela 2.0

French Foreign Minister Jean-Noël Barrot says he has been assured by Secretary of State Marco Rubio that Greenland won’t be another Venezuela. Even so, the French foreign minister said Europe needed to "strengthen and rearm ourselves so that we can defend ourselves against the law of the strongest.”

Image: Snow-covered buildings in Nuuk, Greenland

Greenland's capital, Nuuk, last in March. Odd Andersen / AFP - Getty Images file

Speaking to French media and recounting what he said was a conversation with his American counterpart the day before, Barrot recalled that Rubio “ruled out the possibility of what has just happened in Venezuela happening in Greenland." He said that "was not the option chosen by the United States."

That came after media reports said Rubio told lawmakers that Trump preferred to buy the Danish-governed island. Asked about those reports, House Speaker Mike Johnson, R-La. said yesterday, “I don’t remember that. He might have said it in jest or something. I’m not sure.”

On French radio, Barrot said, “Our position is neither to lament as spectators of violations of international law, nor to throw international law out with the bathwater.” He added that “our position is to defend these great principles because they are right."

73d ago / 5:30 AM EDT

Venezuela is set to give the U.S. up to 50 million barrels of oil

President Donald Trump said last night that Venezuela would hand over between 30 million and 50 million barrels of what he called "High Quality, Sanctioned Oil," days after a U.S. military raid seized the Venezuelan president, Nicolás Maduro.

"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!" Trump said on Truth Social.

Oil prices slid after Trump's announcement last night.

02:06
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Rebecca Cohen, Patrick Smith, Max Burman, Matt Lavietes, and Pilar Melendez contributed.
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