Jesse Watters claimed that the US taking Venezuela’s oil was legitimate because it looted Japan for gold in WW2

President Donald Trump said Tuesday night that Venezuela will turn over 30 million to 50 million barrels of oil to the United States, to be sold at market value and with the proceeds controlled by the US.

"This Oil will be sold at its Market Price, and that money will be controlled by me, as President of the United States of America," Trump said.

Rebuilding Venezuela's degraded oil infrastructure and returning it to full capacity will likely take years, experts say.

Venezuelan leader Nicolás Maduro is in US custody in New York after being captured following a large-scale US operation in the country. Follow here for the latest live news updates

Trump and his top aides said they would try to work with Venezuela's new interim president, Delcy Rodríguez, to run the country and its oil sector.

Trump said the U.S. captured Venezuelan President Nicolás Maduro and his wife following military strikes on the country.

President Donald Trump’s administration is working quickly to establish a pliant interim government in Venezuela following the dramatic capture of Nicolás Maduro, according to US officials, prioritizing administrative stability and repairing the country’s oil infrastructure over an immediate turn to democracy.