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title: Rubio Details U.S. Plan to Control Venezuelan Oil [VERTICAL] | TIME
description: Secretary of State Marco Rubio said Wednesday that a plan to seize and sell up to 50 million barrels of Venezuelan oil is designed to give the Trump Administration “tremendous leverage” to stabilize the country after last weekend’s U.S. raid removed President Nicolás Maduro from power.


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# Rubio Details U.S. Plan to Control Venezuelan Oil \[VERTICAL\]

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<!-- video src="https://cdn.jwplayer.com/manifests/MDC9fQ8l.m3u8" -->
## Video: Rubio Details U.S. Plan to Control Venezuelan Oil VERTICAL

[Watch (HLS stream): Rubio Details U.S. Plan to Control Venezuelan Oil VERTICAL](https://cdn.jwplayer.com/manifests/MDC9fQ8l.m3u8) (1:27)

![Rubio Details U.S. Plan to Control Venezuelan Oil VERTICAL](https://cdn.jwplayer.com/v2/media/MDC9fQ8l/poster.jpg?width=720)

_Published 2026-01-07. Secretary of State Marco Rubio said Wednesday that a plan to seize and sell up to 50 million barrels of Venezuelan oil is designed to give the Trump Administration “tremendous leverage” to stabilize the country after last weekend’s U.S. raid removed President Nicolás Maduro from power._


---

Jan 7, 2026 10:53 PM UTC

---

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### Trump Appoints State Secretary Marco Rubio Acting Director of U.S. Aid

[Senate Confirms First Trump Cabinet Official With Marco Rubio Approved as Secretary of State](/video/GGTcJOOs/)

### Senate Confirms First Trump Cabinet Official With Marco Rubio Approved as Secretary of State

[Marco Rubio Warns Venezuelan Soldiers to Let U.S. Aid Enter the Country](/video/a4eGvpyS/)

### Marco Rubio Warns Venezuelan Soldiers to Let U.S. Aid Enter the Country

---


## Transcript

Well, there's a lot of operational details that can't be discussed publicly, obviously, for obvious reasons. So as we move forward, we'll describe our process, which is a threefold process in Venezuela. I've described it to them now. Step one is the stabilization of the country. We don't want it descending into chaos. Part of that stabilization, and the reason why we understand and believe that we have the strongest leverage possible is our quarantine. As you've seen today, two more ships were seized. We are in the midst right now and in fact, about to execute on a deal to take all the oil. They have oil that is stuck in Venezuela.

They can't move it because of our quarantine and because it's sanctioned. We are going to take between 30 and 50 million barrels of oil. We're going to sell it in the marketplace at market rates, not at the discounts Venezuela was getting. That money will then be handled in such a way that we will control how it is dispersed in a way that benefits the Venezuelan people, not corruption, not the regime. So we have a lot of leverage to move on the stabilization front. The second phase will be a phase that we call recovery, and that is ensuring that American, Western and other companies have access to the Venezuelan market in a way that's fair.

Also, at the same time, begin to create the process of reconciliation nationally within Venezuela so that the opposition forces can be amnestied and released from prisons or brought back to the country and begin to rebuild civil society. And then the third phase, of course, will be one of transition. Some of this will overlap. I've described this to them in great detail. We'll have more detail in the days to follow, but we feel like we're moving forward here in a very positive way.

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