President Donald Trump said Thursday that Venezuela will purchase only American products and services with revenue from its oil sales.

“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,” Trump said in a post on his social media platform Truth Social.

The president said the purchases will include agricultural products, medicine, medical devices and equipment to improve Venezuela’s grid and energy facilities.

Trump said that this will reinforce the United States as Caracas’s principal economic partner.

A step Trump described as “a wise choice … a very good thing for the people of Venezuela and the United States.”

The announcement comes after Trump revealed that Venezuela’s interim authorities will transfer 30 to 50 million barrels of sanctioned oil to the United States, with the proceeds managed under US oversight to support initiatives for both Venezuelans and Americans.

Energy Secretary Chris Wright confirmed that the United States will supervise Venezuelan oil exports, selling both existing sanctioned supplies and future production to US refineries and other markets.

Venezuela and the United States have reached an agreement that could see up to “USD 2 billion worth of Venezuelan crude” shipped to the US.

The deal will help redivert some oil away from China and help alleviate pressure caused by Venezuela’s production cuts.

Trump described the agreement as evidence that Caracas is "complying with his demands for greater access for US oil companies," after he warned of "stricter action" if the country did not open its energy sector.

Donald Trump had stated that a core objective of the recent military operation in Venezuela was to place the country’s oil sector under US control, and give US oil companies the ability to rebuild there.

He added that Delcy Rodríguez is “cooperating” with Washington and that his administration is engaging with “the people that just got sworn in.”

The announcement comes after a US export blockade imposed in mid-December, which left large amounts of Venezuelan crude stranded on tankers and in storage.

This blockade was part of broader US pressure on President Nicolás Maduro’s government, culminating in US forces capturing Maduro and his wife.

Trump also said that Venezuela would provide between “30 million and 50 million barrels” of sanctioned oil, which would be sold at market prices, with the proceeds controlled by his administration to ensure benefits for both Venezuelans and Americans.

Trump said that he has directed Energy Secretary Chris Wright to supervise the operation, ensuring that the oil is transported from vessels directly to US ports.

Officials have described the arrangement as a significant strategic and economic victory, particularly in redirecting Venezuelan oil away from China and other competitors.