The U.S. is importing more oil from Venezuela under Trump to cut fuel costs and boost energy security.

The Trump administration has expanded U.S. oil imports from Venezuela, reversing past sanctions to address rising global oil prices and shipping disruptions. Interior Secretary Doug Burgum announced the shift, citing Venezuela’s vast oil reserves and stable supply as key to enhancing energy security and reducing reliance on the Middle East. New contracts with Venezuela’s state oil company have begun delivering crude and refined products to Gulf Coast refineries, while the U.S. has also approved licenses for critical minerals and received $100 million in gold. The move, framed as an American-First strategy, aims to stabilize fuel costs and strengthen energy independence amid global supply challenges.