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

World
F
Firstpost•10-01-2026, 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...





