U.S. President Donald Trump steps off Air Force One on January 9, 2026 at Palm Beach International Airport in West Palm Beach, Florida. - AFP
World
F
Firstpost10-01-2026, 23:25

Trump Shields Venezuelan Oil Revenue in US Accounts, Eyes Investment Amid Sanctions

  • US President Donald Trump signed an executive order to protect Venezuelan oil revenues held in US Treasury accounts from seizure or legal claims.
  • The order aims to support Washington's foreign policy objectives and prevent confiscation of funds that could disrupt US efforts for stability in Venezuela.
  • Trump urged senior oil executives to invest in Venezuela's energy sector, claiming improved security, despite ExxonMobil's caution.
  • He stated US companies would engage exclusively with Washington, not Caracas, for oil development and announced plans to sell Venezuelan crude.
  • China's significant financial exposure to Venezuela, including oil-backed loans, adds complexity to the situation.

Why It Matters: Trump protects Venezuelan oil funds in the US while pushing for American investment and control over its oil future.

More like this

Loading more articles...