Trump says US has sold more than $13 billion of Venezuelan oil since Maduro's capture
President Donald Trump announced on July 28, 2026, that the United States has collected over $13 billion from the sale of Venezuelan crude oil since the capture of former President Nicolás Maduro in a military raid on January 3. The US seized control of Venezuela's oil exports after the operation. Trump stated the money is used to run Venezuela, claiming the war has been 'paid for many times over.' Secretary of State Marco Rubio told Congress the oil sales are audited by KPMG, with funds held in a Citibank account. The administration initially deposited $500 million in a Qatar account before switching to a US Treasury account. State Department official Michael Kozak reported that around $3 billion had been disbursed for Venezuelan government worker salaries, oil industry supplies, and other approved uses. Democrats have pressed for more transparency on the program's oversight and spending.
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