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Trump Signals Years-Long U.S. Oversight of Venezuela as Washington Moves to Sell Its Oil

Officials say controlling oil sales will fund stabilization, giving Washington leverage over Caracas.

Overview

  • President Trump told the New York Times the United States could direct Venezuela’s affairs for "much longer" than a year following Maduro’s capture.
  • Trump promoted a plan for the U.S. to sell 30–50 million barrels of Venezuelan crude with proceeds under American control, while PDVSA says terms are still being negotiated.
  • Energy Secretary Chris Wright said Washington will market stored Venezuelan oil first and then manage ongoing production indefinitely, routing revenues into U.S.-controlled accounts.
  • PDVSA confirmed negotiations with the United States on crude sales, and the White House scheduled a Friday meeting with Exxon Mobil, ConocoPhillips and Chevron on rebuilding output.
  • U.S. authorities said they seized two tankers linked to Venezuelan shipments as international bodies and lawmakers pressed legal challenges and disputed casualty figures from the raid.