The U.S. will indefinitely control Venezuela’s oil sales to push political and economic reforms, keeping the revenue.

U.S. Energy Secretary Chris Wright announced that the United States will continue to control Venezuela’s oil sales indefinitely, citing the need to drive political and economic change in the country. The U.S. will manage the sales and retain the revenue, maintaining oversight to ensure funds are used responsibly and to pressure Venezuela’s leadership. This move extends existing U.S. control over the nation’s oil exports, which began under prior administrations.