US to Control Venezuela Oil Sales Indefinitely; Rubio Details Transition Plan

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Firstpost•08-01-2026, 00:58
US to Control Venezuela Oil Sales Indefinitely; Rubio Details Transition Plan
- •US plans indefinite control over Venezuela's oil sales, using revenues to stabilize the nation and guide economic/political transition.
- •Trump administration's strategy, detailed by Chris Wright and Marco Rubio, shifts to direct economic management after Nicolás Maduro's capture.
- •Rubio outlined a three-step plan: stabilization post-Maduro, economic recovery ensuring market access for US/Western companies, and political transition.
- •The recovery phase includes national reconciliation, amnesty for opposition, and rebuilding civil society.
- •Critics question sovereignty, long-term US involvement, and intentions in Latin America's largest proven oil reserves.
Why It Matters: US asserts indefinite control over Venezuela's oil to manage its transition, sparking sovereignty concerns.
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