Statement on supposed agreement with Venezuelan government follows Trump’s threats of further military intervention

Donald Trump has said Venezuela will be “turning over” $2bn worth of Venezuelan crude to the United States, a flagship negotiation that would divert supplies from China while helping Venezuela avoid deeper oil production cuts.

Trump said in a post online:

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!

Venezuelan government officials and state company PDVSA did not provide comment.