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Rodríguez Signals Diplomatic Reset, Unveils Oil Reforms in First Address

Rodríguez uses her first assembly address to propose oil reforms with sovereign funds for social spending.

Overview

  • Delivering a 44-minute speech to the National Assembly, the acting president urged engagement with the United States, said she was not afraid of a diplomatic confrontation, and asked Washington to respect Nicolás Maduro’s dignity.
  • She proposed opening the oil sector to greater foreign investment and ordered the creation of two sovereign funds to channel crude revenues into health services, worker income support, and infrastructure.
  • Rodríguez confirmed a phone call with President Trump, who praised her publicly and said they discussed oil, minerals, trade, and national security.
  • The White House says it will control future Venezuelan oil revenues, with Semafor reporting the first U.S.-managed sale at about $500 million and some proceeds held in Qatar.
  • Rodríguez said prisoner releases will continue, though human-rights groups have verified only a fraction of those she claims, and Trump separately met opposition leader María Corina Machado in Washington.