US plans indefinite oversight of Venezuelan oil sales
Washington is pursuing a framework to oversee Venezuela's oil revenue to stabilize the economy. President Trump says proceeds will also buy American goods.
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The United States is actively pursuing a long-term framework to oversee oil exports and revenue from Venezuela, aiming to stabilize the nation's economy and align Caracas with strategic priorities. U.S. Energy Secretary Chris Wright noted at a Miami energy conference that maintaining leverage over these sales is essential for driving economic and political changes after years of mismanagement. Under this plan, oil revenues would eventually support economic stabilization and compensate major firms, including EXXON MOBIL CORP and CONOCOPHILLIPS, for losses related to past nationalizations.
