Trump Freezes Venezuela Oil Revenue to Block Creditors, Cites National Emergency

• US President Donald Trump declared a National Emergency and issued an executive order to freeze Venezuela's oil revenue.
• The move aims to prevent creditors from seizing these funds to satisfy debts or other legal claims.
• The White House stated these funds are Venezuela's sovereign assets, held in US Treasury accounts for governmental and diplomatic purposes.
• Trump administration plans to use oil earnings for the benefit of Venezuelan and American people, starting with a 30-50 million barrel sale.
• The US has captured Venezuelan President Nicolas Maduro and his wife Cilia Flores, charging them with narco-terrorism and drug trafficking in New York.

Why It Matters: Trump freezes Venezuelan oil revenue to protect it from creditors and advance US foreign policy objectives.