"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," Trump said.

President Donald Trump’s has made broad but vague assertions that the United States is going to “run” Venezuela after the ouster of Nicolás Maduro but has offered almost no details about how it will do so.

President Donald Trump says the US oil industry could be "up and running" with increased operations in Venezuela within 18 months, after a surprise military operation removed President Nicolás Maduro from power.

Oil prices declined on Wednesday after U.S. President Donald Trump said Venezuela will be "turning over" 30 million to 50 million barrels of sanctioned oil to the United States. U.S. West Texas Intermediate crude (WTI) fell 78 cents,

President Donald Trump says U.S. will run Venezuela after capturing Nicolás Maduro, with Secretary of State Marco Rubio and Pentagon officials overseeing transition plans.

It comes after Nicolás Maduro and his wife were seized from Caracas and flown to the US. They have since appeared at a New York court.

In 2017, as political outsider Donald Trump headed to Washington, Delcy Rodríguez spotted an opening. Then Venezuela's foreign minister, Rodríguez directed Citgo — a subsidiary of the state oil company — to make a $500,

Gen. Dan Caine, chairman of the Joint Chiefs of Staff, said the operation in Venezuela was known as Operation Absolute Resolve and involved more than 150 aircraft across the Western Hemisphere. Caine said it was the "culmination of months of planning and rehearsal" adding that the operation could only have been conducted by the U.S. military.

Rep. Dan Goldman of New York accused Trump of using the same “illegal and unconstitutional tactics as Maduro” in the operation, saying that such action “not only undermines our democracy and violates our Constitution but also emboldens dictators around the world.”

In an exclusive interview with NBC News, Trump discussed the path forward in Venezuela, including when there will be elections, the opportunities for oil companies and Congress' role.

Vt., criticizes President Donald Trump's Venezuela strikes while calling Nicolás Maduro a dictator, marking a shift from his previous stance.