Trump said on Friday Venezuela was releasing a large number of political prisoners as a sign of "seeking peace" following last week's dramatic US military operation that resulted in the capture of president Nicolas Maduro.
"This is a very important and smart gesture. The U.S.A. and Venezuela are working well together, especially as it pertains to rebuilding, in a much bigger, better, and more modern form, their oil and gas infrastructure," Trump said on Truth Social.
"Because of this cooperation, I have cancelled the previously expected second Wave of Attacks, which looks like it will not be needed, however, all ships will stay in place for safety and security purpose," his post added.
Trump's comments come hours after he indicated in an interview on Fox News that Venezuelan opposition leader Maria Corina Machado was coming to Washington DC next week.
He had previously dismissed the idea of working with her, saying that "she doesn't have the support within or the respect within the country".
The Republican president, however, had told the New York Times on Wednesday that the US was "getting along very well" with the Venezuelan government, led by acting interim president Delcy Rodriguez.
During the Fox interview, Trump also said he would meet oil executives at the White House on Friday and that the oil companies would spend at least $US100 billion ($A149 billion) in Venezuela, which he repeated in his Truth Social post.
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