Overview
- President Donald Trump told The New York Times that U.S. supervision of Venezuela could extend well beyond a year and framed reconstruction around the country’s oil sector.
- Energy Secretary Chris Wright said the United States will market Venezuelan crude indefinitely, beginning with a tranche of 30–50 million barrels under U.S.-managed arrangements.
- Trump announced that Venezuela will use proceeds from the oil scheme to purchase only U.S.-made goods, including agricultural products, medicines, medical devices and power equipment.
- State oil company PDVSA confirmed it has begun negotiations with U.S. authorities for crude sales under the new framework.
- Trump and Colombian President Gustavo Petro held a call that set up an in-person meeting between foreign ministers, easing immediate tensions over the U.S. operation in Venezuela.