{"id":11177,"date":"2026-01-10T21:17:25","date_gmt":"2026-01-10T21:17:25","guid":{"rendered":"https:\/\/microvibenews.com\/?p=11177"},"modified":"2026-01-10T21:17:25","modified_gmt":"2026-01-10T21:17:25","slug":"trump-order-says-venezuelan-oil-money-is-being-held-by-us-for-governmental-and-diplomatic-purposes","status":"publish","type":"post","link":"https:\/\/microvibenews.com\/?p=11177","title":{"rendered":"Trump order says Venezuelan oil money is being held by US for ‘governmental and diplomatic purposes’"},"content":{"rendered":"

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President Donald Trump\u2019s new executive order on\u00a0Venezuelan oil\u00a0revenue is meant to ensure that the money remains protected from being used in judicial proceedings.<\/p>\n

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The executive order, made public on Saturday, says that if the funds were to be seized for such use, it could \u201cundermine critical U.S. efforts to ensure economic and political stability in Venezuela.\u201d<\/p>\n

The order comes amid caution from top oil company executives that\u00a0the tumult and instability in Venezuela\u00a0could make the country less attractive for private investment and rebuilding.<\/p>\n

\u201cIf we look at the commercial constructs and frameworks in place today in Venezuela, today it\u2019s uninvestable,\u201d said Darren Woods, CEO of ExxonMobil, the largest U.S. oil company, during\u00a0a meeting convened by Trump\u00a0with oil executives on Friday.<\/p>\n

During the session, Trump tried to assuage the concerns of the oil companies and said the executives would be dealing directly with the U.S., rather than the Venezuelan government.<\/p>\n

Venezuela has a history of state asset seizures, ongoing U.S. sanctions and decades of political uncertainty.<\/p>\n

Getting U.S. oil companies to invest in Venezuela and help rebuild the country\u2019s infrastructure is a top priority of the Trump administration after the dramatic capture of now-deposed leader Nicol\u00e1s Maduro.<\/p>\n

The White House is framing the effort to \u201crun\u201d Venezuela in economic terms, and Trump has seized tankers carrying Venezuelan oil, has said the U.S. is taking over the sales of 30 million to 50 million barrels of previously sanctioned Venezuelan crude, and plans to control sales worldwide indefinitely.<\/p>\n

\u201cI love the Venezuelan people, and am already making Venezuela rich and safe again,\u201d Trump, who is currently in southern Florida, wrote on his social media site on Saturday. \u201cCongratulations and thank you to all of those people who are making this possible!!!\u201d<\/p>\n

The order says the oil revenue is property of Venezuela that is being held by the United States for \u201cgovernmental and diplomatic purposes\u201d and not subject to private claims.<\/p>\n

Its legal underpinnings are the National Emergencies Act and the International Emergency Economic Powers Act. Trump, in the order, says the possibility that the oil revenues could be caught up in judicial proceedings constitutes an \u201cunusual and extraordinary threat\u201d to the U.S.<\/p>\n<\/div>\n

#Trump #order #Venezuelan #oil #money #held #governmental #diplomatic #purposes<\/p>\n","protected":false},"excerpt":{"rendered":"

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