US Tightens Grip on Venezuela Oil, Prices Edge Up Amid Sanctions Rollback

• Oil prices edged higher as the US announced plans to control Venezuela's future crude sales and seized two sanctioned tankers.
• West Texas Intermediate traded around $56/barrel, while Brent settled below $60 after a 4% decline in previous sessions.
• US Energy Secretary Chris Wright confirmed plans to sell Venezuelan crude, with proceeds held in US Treasury accounts.
• Venezuela's state oil company is negotiating crude sales with Washington, mirroring a Chevron-like arrangement.
• President Trump is pushing for US companies to rebuild Venezuela's energy sector, selectively rolling back sanctions.

Why It Matters: US actions on Venezuela's oil supply are impacting global crude prices and reshaping the country's energy future.