Summary
Venezuela's interim government has sold oil to the United States, earning $500 million under a new agreement. The money is kept in a restricted account and can only be used for specific purposes with US approval. Political changes are unfolding in Venezuela after President Maduro was taken by US forces, and Delcy Rodriguez is now the acting president.
Key Facts
- Venezuela sold 30 to 50 million barrels of oil to the U.S., earning $500 million.
- The funds are kept in a restricted account in Qatar and need U.S. approval for spending.
- The U.S. took military action in January 2026, resulting in President Maduro's abduction.
- Acting President Delcy Rodriguez is leading Venezuela and suggesting oil law reforms.
- These reforms aim to attract foreign investment by easing 25-year-old restrictions.
- U.S. Energy Secretary Chris Wright plans to visit Venezuela to oversee oil operations.
- Rodriguez announced reforms and a mass amnesty bill for political prisoners.
- Key people in the government include Jorge Rodriguez, Diosdado Cabello, and Vladimir Padrino.
