🚨 BREAKING: U.S. Completes First $500 M Venezuelan Oil Sale
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The United States has finalized its first major sale of Venezuelan oil valued at about $500 million, marking a significant turn in U.S.–Venezuela economic ties after Washington took control of parts of the country’s oil sector following the ousting of President Nicolás Maduro.
According to U.S. and international reports:
• This $500 M sale is part of a broader energy arrangement with Venezuela aimed at exporting millions of barrels of crude on global markets.
• A portion of the revenue — roughly $300 M — has already been transferred to Venezuelan authorities, intended to support stabilization of the economy and essential services, while the remaining proceeds are being held under U.S. supervision.
• The U.S. government says these funds are being managed to benefit both the Venezuelan people and broader stabilization efforts, though critics in Congress have raised doubts about oversight and transparency.
Secretary of State Marco Rubio and other officials have defended the arrangement as a leverage tool to oversee how petroleum revenues are spent, with an emphasis on preventing corruption and maximizing “benefit” to citizens.
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