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U.S. Sets Long-Term Oversight of Venezuela and Its Oil After Maduro’s Capture

The White House plans to manage crude sales with proceeds limited to buying U.S. goods.

Overview

  • President Donald Trump said the United States will supervise Venezuela "for years" and control oil sales indefinitely, with 30–50 million barrels initially directed to U.S. markets.
  • Energy Secretary Chris Wright said revenues will be held in U.S.-controlled accounts and used to purchase American agricultural goods, medicines, medical devices and power equipment.
  • U.S. authorities announced the seizure of two tankers tied to Venezuelan crude shipments, one in the North Atlantic and another in the Caribbean.
  • Interim leader Delcy Rodríguez removed the chief of Maduro’s presidential guard and authorities began releasing political prisoners, with Spain confirming five of its nationals were freed.
  • Venezuela’s interior minister reported about 100 deaths from the Jan. 3 operation, and the U.S. Senate is weighing a resolution to limit further unilateral military action.