US to indefinitely control Venezuela’s oil sales | Oil news

The United States has announced indefinite control over sales of Venezuelan oil, with proceeds managed by the US government for the benefit of American and Venezuelan people. Trump suggests Venezuela will purchase only American products with the funds. This comes after Maduro’s abduction by the Trump administration, leading to plans to take control of Venezuela’s oil reserves. US actions have faced criticism for violating international law, leading to questions about the duration and cost of the operation, as well as concerns about exploiting Venezuela’s resources.

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