Particle.news
Download on the App Store

U.S. Declares Emergency to Shield Venezuelan Oil Proceeds Held in Treasury

The order recognizes the funds as Venezuela’s sovereign property under U.S. custody, requiring special authorization for any transaction.

Overview

  • The directive blocks seizure, enforcement actions, or private claims against the oil-sale revenues without specific U.S. approval.
  • The White House says the step protects U.S. national security and supports efforts to stabilize Venezuela.
  • Treasury Secretary Scott Bessent said additional sanctions could be lifted as soon as next week to facilitate oil sales and economic recovery, and he plans outreach to the IMF and World Bank.
  • President Trump wrote on Truth Social that Cuba will no longer receive Venezuelan money or oil, urging Havana to reach a deal and floating Marco Rubio as a potential Cuban leader.
  • Some reports describe the capture of Nicolás Maduro and U.S.-supervised plans to resume oil exports, which are not independently confirmed in this coverage.