Trump says US seized Venezuelan oil, outlines plan for ‘sovereignty’ over Greenland base areas

Venezuelan oil now at Houston refineries; Trump previews Greenland 'sovereign base' plan
PUBLISHED JAN 24, 2026
Trump spoke from the Resolute Desk, with a Nobel Peace Prize from Maria Corina Machado behind him (Brandon Bell/Getty Images)
Trump spoke from the Resolute Desk, with a Nobel Peace Prize from Maria Corina Machado behind him (Brandon Bell/Getty Images)

WASHINGTON, DC: Trump said in an exclusive interview with The Post, that the United States has seized Venezuelan oil from seven tankers and is now processing the crude in American refineries, including in Houston.

Speaking from the Oval Office, Trump also outlined a new strategy to assert US sovereignty over key military areas in Greenland, stating his administration aims to “have everything we want” in both the Arctic and South America. 

Seated behind the Resolute Desk, Trump outlined US policy toward Venezuela following the removal of Nicolás Maduro earlier this month.

While confirming that Venezuelan oil has been seized from multiple tankers and is being processed in US refineries, he declined to disclose the current locations of the vessels, underscoring the administration's strategic posture amid rising tensions.

Location of Seized Tankers Remains Unknown

President Donald Trump, Commerce Secretary Howard Lutnick (L) and U.S. Sen. Lindsey Graham (R-SC) (C) speak to the media aboard Air Force One enroute to Washington, DC on January 04, 2026. Trump is returning to the White House after giving the order for the United States law enforcement to capture Venezuelan President Nicolás Maduro and his wife. (Photo by Joe Raedle/Getty Images)
Trump told The Post that he 'can't tell you' where the seized ships are, but confirmed the oil is being processed in Houston (Photo by Joe Raedle/Getty Images)

“I’m not allowed to tell you,” Trump said when asked about the ships’ whereabouts. “But let’s put it this way, they don’t have any oil. We take the oil.”

The President said the crude is already entering the US energy system. “The oil’s coming into the refineries in Houston, in various places,” he said. According to Trump, the administration plans to sell up to 50 million barrels at market price and use the proceeds for reconstruction. “Venezuela is going to get some, and we’re going to get some,” he added, saying US oil companies are expected to invest up to $100 billion to rebuild the sector.

Praise for new interim leadership

Vicepresident of Venezuela Delcy Rodriguez looks on during a meeting with the 'Consejo Nacional de Economía Productiva' (English: National Council of Productive Economy) at Humboldt Hotel on September 21, 2023 in Caracas, Venezuela. Last week Maduro met Xi Jinping in Pekin and attended the G77+China summit in Havana. (Photo by Carlos Becerra/Getty Images)
 President Trump commends interim Venezuelan president Delcy Rodríguez for cooperation (Photo by Carlos Becerra/Getty Images)

Trump said the operation has been aided by cooperation with the new authorities in Caracas. “We have a great relationship with the new president,” he said of interim President Delcy Rodríguez. “She’s been terrific.”

A Nobel Peace Prize presented to Trump by opposition leader Maria Corina Machado was visible in the office during the interview, leaning against a gold eagle statue. Trump said he has not yet decided where it will be displayed in the White House. 

Gaining sovereignty over Greenland base areas

NUUK, GREENLAND - JANUARY 17: People bear Greenlandic flags as they gather in front of the U.S. consulate protest against U.S. President Donald Trump and his announced intent to acquire Greenland on January 17, 2026 in Nuuk, Greenland. Greenlandic, Danish and other European leaders are hoping they can still avert an intervention by the United States to forcefully acquire the island as U.S. President Donald Trump continues to insist the U.S. must have Greenland, suggesting even by military means if necessary. (Photo by Sean Gallup/Getty Images)
The US is proposing a 'sovereign base area' model similar to British bases in Cyprus to secure the Pituffik Space Base (Photo by Sean Gallup/Getty Images)

Turning to Greenland, Trump expanded on the “framework” he announced following his meeting with NATO Secretary-General Mark Rutte in Davos. He confirmed that the United States is seeking sovereignty over specific areas that host American military installations, including the Pituffik Space Base.

“Yeah,” Trump said when asked directly. “We’ll have everything we want. We have some interesting talks going on.” A source familiar with the discussions said the model mirrors Britain’s “sovereign base areas” in Cyprus, where military zones are treated as British territory.

Local opposition calls sovereignty red line

NUUK, GREENLAND - MARCH 28: Jens-Frederik Nielsen (C), the leader of the Demokraatit party and the next Prime Minister of Greenland speaks with journalists following the announcement of a coalition agreement to form the next government, on March 28, 2025 in Nuuk, Greenland. Four of the five political parties in Greenland's parliament announced a coalition agreement today following the March 11 election. The announcement coincides with a visit by US Vice President JD Vance to a remote American military base in the northern part of the country. The itinerary for that visit was scaled back after initial, more extensive plans drew the ire of Greenlandic leaders, who have been angered by President Trump's vow to gain control of Greenland
Greenland’s premier, Jens-Frederik Nielsen, rejected the proposal, warning that 'sovereignty is a red line' for the territory (Photo by Leon Neal/Getty Images)

The push reflects concerns in Washington that US access could be constrained if Greenland moves toward independence. Local leaders, however, have firmly rejected any ceding of sovereignty and stressed that the island's future must be decided by its own people within the framework of international law. 

Greenland Premier Jens-Frederik Nielsen said Thursday that ceding land is not under consideration. “Sovereignty is a red line,” he said. Despite this, Trump expressed confidence that the United States can secure control over sites he views as essential to national defense, shifting from earlier calls for full ownership of the island to a narrower focus on strategic zones. 

RELATED TOPICS US GREENLAND RELATIONS AND ARCTIC SECURITY

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