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Trump Asserts Control Over Venezuelan Oil Proceeds After Maduro’s Capture

The oil plan follows a covert U.S. operation that brought Nicolás Maduro to New York to face drug charges.

Overview

  • Trump said Venezuela will ship 30 to 50 million barrels of sanctioned crude to U.S. ports at market prices, with sale proceeds controlled by the U.S. president.
  • Interim leader Delcy Rodríguez was sworn in in Caracas and publicly rejected any external control, as U.S. officials say she is cooperating with them.
  • At an emergency UN Security Council session, Russia and China condemned the U.S. action and demanded Maduro’s release, while the UN chief warned of regional destabilization.
  • Maduro pleaded not guilty to drug-related charges in New York, with the next court hearing set for March 17, as Washington characterizes the raid as a surgical law-enforcement measure.
  • Reporters highlighted suspicious pre-operation bets on Polymarket that profited from Maduro losing power, raising questions about possible insider knowledge.