Venezuelan migrants deported from the United States and stranded in Honduras disembark from a Conviasa Airlines plane upon arrival at Simon Bolivar International Airport in Maiquetia, Venezuela on March 24, 2025.
Juan Barreto | Afp | Getty Images
President Donald Trump said Monday that countries which buy oil and gas from Venezuela will face a 25% tariff on any trade those nations have with the United States.
The tariff will take place on April 2, the president said in a post on his social media platform Truth Social.
U.S. crude oil was up 77 cents, or 1.13%, at $69.05 per barrel by 10:54 am ET. Global benchmark Brent was trading 73 cents, or 1.01%, higher at $72.89 per barrel.
The president accused Venezuela of sending Tren de Aragua gang members to the U.S. The Trump administration has designated Tren de Aragua as a foreign terrorist organization.
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