U.S. Gets First Venezuelan Oil Deal

“The Trump administration’s first sale of Venezuelan oil is valued at $500 million,” Semafor reports.

“The sale marks an initial milestone in the administration’s stewardship of Venezuela after the U.S. ouster of its former leader Nicolás Maduro 11 days ago. President Donald Trump has indicated that the U.S. would effectively run Venezuela for an indeterminable amount of time and take control of up to 50 million barrels of its oil — marketing and selling it while distributing the proceeds back to Venezuela in an arrangement with little precedent.”