The president said Tuesday that some Venezuelan oil will be shipped to U.S. refineries. He faces challenges getting firms to put their money into the country’s shattered industry.

President Donald Trump late Tuesday said Venezuela will send the U.S. 30 million to 50 million barrels of oil, which will then be sold by the U.S. and the proceeds controlled by him.

The US has begun an operation to seize an oil tanker linked to Venezuela after tracking it across the Atlantic, a source with knowledge of the operation told CNN on Wednesday.

The United States is attempting to seize a Russian-flagged oil tanker with links to Venezuela after a more than two-week-long pursuit across the Atlantic and as a Russian submarine and warship were close by,

The Bella 1 evaded a blockade of sanctioned oil tankers near Venezuela last month. Follow Newsweek's latest updates.

U.S. forces moved to seize an oil tanker that had fled the U.S. blockade of sanctioned vessels near Venezuela.

Russia formally asked the United States to halt pursuit of Venezuelan oil tanker Marinera after the vessel escaped U.S. Coast Guard interception in the Caribbean.

Trump says Venezuela will send up to 50M barrels of oil to U.S., with proceeds controlled by his administration.