Russia has reportedly deployed submarine and other naval assets across the Atlantic in a high-stakes operation to escort an oil tanker which is also being pursued by the US Coast Guard.

Venezuela's state-run oil company PDVSA said on Wednesday it is progressing in negotiations with the United States for oil sales

Venezuela will be "turning over" between 30 and 50 million barrels of "sanctioned oil" to the U.S., Trump said in a social media post.