Overview
- In a Face the Nation interview, Wright said the U.S. is not providing military security guarantees for American companies operating in Venezuela.
- He said the administration is controlling Venezuelan oil sales and expects relatively rapid improvements on the ground as funds are redirected.
- Wright said a judge has backed an American hedge fund’s bid for Citgo, with the Treasury Department still required to approve any sale.
- He said the Citgo process could legally transfer Venezuelan-owned U.S. refineries to American owners through an auction involving U.S. investors.
- Wright voiced moral support for protesters in Iran, while host Margaret Brennan reported that the president has been briefed on military options.