According to Trump’s statement on May 2, the U.S. has sold 100 million barrels of Venezuelan oil, which are being transported to Texas for processing. Trump announced plans to double the amount within the next month, stating the oil shipments are already underway to Texas refineries.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
UAE Exits OPEC, Signals Shift in Petrodollar System
The United Arab Emirates formally withdrew from the Organization of the Petroleum Exporting Countries (OPEC) and the OPEC+ mechanism on May 1 (local time), according to reports. The move is viewed as a landmark event in which Middle Eastern oil-producing nations are reassessing security, market
CryptoFrontier44m ago
61% of Americans View Military Action Against Iran as Mistake, Latest Poll Shows
According to a joint poll by The Washington Post, ABC, and Ipsos released on May 1, 61% of Americans view military action against Iran as a mistake. Additionally, about 23% of U.S. respondents reported their financial situation is becoming tighter, up from 17% in February.
High oil prices have
GateNews3h ago
Bitcoin Rises Nearly 3% in 24 Hours Amid Stock Gains and Oil Decline
Bitcoin rose nearly 3% over the past 24 hours as equities gained and oil prices declined amid optimism over Iran-related developments.
GateNews3h ago
Tether Posts $1.04B Q1 Profit as Reserve Buffer Hits Record $8.23 Billion
Tether published its Q1 2026 attestation on Friday, posting $1.04 billion in net profit with excess reserves reaching a record $8.23 billion, according to an independent audit by BDO. The stablecoin issuer's total assets stood at $191.7 billion as of March 31, with liabilities of $183.5 billion, pri
GateNews10h ago
Trump Compares U.S. Naval Blockade of Iranian Ports to Piracy, Calls It 'Very Lucrative Business'
According to Odaily, U.S. President Trump said Friday that the American naval blockade of Iranian ports during the U.S.-Israel conflict with Iran is "like piracy." Describing a recent seizure of a vessel, Trump stated: "We took over that ship, took over the cargo, took over the oil. It's a very lucr
GateNews12h ago
OFAC Warns Against Payments to Iran Via Digital Assets, Including Strait of Hormuz Fees
According to OFAC on May 2, the U.S. Treasury Department's Office of Foreign Assets Control warned that payments demanded by Iran from passing vessels for safe passage through the Strait of Hormuz—including fiat currency, digital assets, barter transactions, physical goods, or donations to Iranian R
GateNews12h ago