Follow live updates as President Donald Trump speaks about Venezuela's future and U.S. allies respond to his threats against Greenland.

President Trump's focus on Venezuela's and push to expand America's reach steers him further from America's top concern: the economy.

Venezuela's ex-president Nicolás Maduro is awaiting trial in New York following a daring U.S. raid, as the Trump administration defends the operation and seeks Venezuelan oil — and President Trump sets his sights on Greenland.

First, the country must kick out China, Russia, Iran, and Cuba and sever economic ties, the sources said. Second, Venezuela must agree to partner exclusively with the U.S. on oil production and favor America when selling heavy crude oil, they added.

Venezuela’s opposition supporters have long hoped for the day when Nicolás Maduro is no longer in power — a dream that was fulfilled when the U.S. military whisked the authoritarian leader away. But while Maduro is in jail in New York on drug trafficking charges,

"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.

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.

President Donald Trump’s has made broad but vague assertions that the United States is going to “run” Venezuela after the ouster of Nicolás Maduro but has offered almost no details about how it will do so.