Overview
- In a New York Times interview, President Trump said U.S. supervision of Venezuela could extend “much more” than a year.
- Energy Secretary Chris Wright said the U.S. will control Venezuelan oil sales indefinitely, with revenues deposited in accounts managed by Washington.
- Trump announced that money from those sales must be spent exclusively on U.S.-made goods, including farm inputs, medicines, medical devices and power equipment.
- The plan begins with marketing 30–50 million barrels of stored crude as U.S. forces intercept sanctioned tankers and take operational control of shipments.
- PDVSA acknowledged talks with Washington but disputed claims of full U.S. control, as the administration prepares to brief oil executives on reconstruction investment.