US will control Venezuelan oil sales ‘indefinitely,’ energy secretary says
Energy Secretary Chris Wright said proceeds will be held in US-controlled accounts that he said are intended to flow back to Venezuela.
Last updated: 2026-01-07 17:37:34 ET
Energy Secretary Chris Wright said proceeds will be held in US-controlled accounts that he said are intended to flow back to Venezuela.
Oil companies and their shareholders may benefit from President Trump's military action in Venezuela — but it also could benefit many other U.S. investors.
The U.S. will ease sanctions against Venezuela in exchange for continued shipments of oil.
Vintage photos show Venezuela before its economic collapse, when oil wealth made it one of the world's richest nations
Trump SHOCKS Establishment, Says HE Is Taking Venezuela’s Oil
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Chris Wright said the Trump administration was in “active dialogue” with Venezuela’s government about the plan.
U.S. forces seized the Russian-flagged oil tanker in dramatic North Atlantic operation targeting sanctioned Venezuelan oil shipments.