- President Trump signs executive order on Venezuelan oil.
- Blocks U.S. courts from seizing oil revenues.
- Targets funds held in American Treasury accounts.
According to the order, taking legal action against the money would be detrimental to U.S. foreign policy and national security goals.
Trump met with about two dozen senior oil and gas executives at the White House on Friday, the same day he signed the order.
Following the overthrow of Venezuelan tyrant Nicolás Maduro, the president said that US energy corporations will invest $100 billion to fix the country's "rotting" oil infrastructure and boost output to all-time highs.
Following the overthrow of the Maduro dictatorship, the United States has taken decisive action to seize control of Venezuela's oil future.
What is the strategic context of the issued order?
The directive classifies these" Foreign Government Deposit Finances" as autonomous Venezuelan means under U.S. guardianship for political purposes, exempting them from attachment, liens, judgments, or creditor claims. Transfers bear unequivocal authorization, superseding previous warrants to prioritize foreign policy pretensions like profitable stabilization post-Maduro.
Issued days after U.S. forces captured Nicolás Maduro in a Caracas operation, the order counters creditor suits from ExxonMobil and ConocoPhillips seeking billions in nationalized means.
Trump aims to conduct earnings toward Venezuelan reconstruction and U.S. energy security, declaring seizures would" empower dangerous realities similar to Iran and Hezbollah" while courting oil painting directors cautious of investment pitfalls.