Trump Blocks Venezuela Oil Revenue in US, Citing National Emergency

• US President Donald Trump signed an executive order declaring a national emergency regarding Venezuelan oil revenue.
• The order aims to firewall Venezuelan oil revenue held in US Treasury accounts from creditors and legal claims.
• The White House stated the goal is to preserve these funds for advancing US foreign policy objectives.
• The order affirms the funds are sovereign property of Venezuela, even in US custody, protecting them from private claims.
• Proceeds from Venezuelan oil sales, estimated at 30-50 million barrels, are intended to benefit Venezuelan and American people.

Why It Matters: Trump's order secures Venezuelan oil revenue in the US, preventing creditor claims and supporting US policy goals.