Squawk Pod Venezuela’s Oil Flow to the U.S. 1/7/26
18 snips
Jan 7, 2026 
Eamon Javers, a CNBC reporter specializing in foreign policy, and Brian Sullivan, a CNBC anchor with energy insights, dive into the implications of Venezuela's oil flow to the U.S., revealing that sanctioned oil will be sold indefinitely. They discuss the intricate details of the arrangement and its impact on American banks. Jacob Soboroff, an MSN anchor and author, shares his personal tale following the Los Angeles fires and the challenges of recovery, including housing issues and labor shortages. Together, they explore the intersection of geopolitics and community resilience.
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Initial Oil Announcement Lacked Detail
- President Trump announced 30–50 million barrels of Venezuelan oil would be sent to the U.S., but key deal details were initially unclear.
- Eamon Javers notes the White House did not immediately confirm who agreed to the transfer or what the U.S. gave in return.
Oil Flow Is Ongoing, Not One-Time
- Brian Sullivan reports the 30–50 million barrels is only the first tranche and will continue indefinitely.
- He says sanctioned Venezuelan oil will be rerouted from buyers like China to U.S. and Western refiners.
Sanctions To Be Partially Rolled Back
- Sullivan says U.S. will selectively roll back Venezuelan sanctions to enable sales to global markets.
- Proceeds will largely be returned to Venezuela when the U.S. deems its government and infrastructure stable.
