U.S. President Donald Trump said on Monday that his administration would likely stop buying oil from Venezuela and was looking "very strongly" at the South American country. "It was a great country 20 years ago,

We don’t have to buy their oil, we have plenty of oil,” Donald Trump said during remarks to reporters at the Oval Office hours after he was sworn in for a second term.

Venezuela's authoritarian regime said it was willing to work with Washington to take back Venezuelan criminals from the U.S. in a rare show of support for President Trump's plans to designate Latin American drug gangs as terrorist groups.