Brief by Shorts91 Newsdesk / 12:06pm on 08 Jan 2026,Thursday International
The United States said it will oversee sales of Venezuelan oil and keep the proceeds in US Treasury accounts. Energy Secretary Chris Wright said Washington will first sell stored crude and then handle future output. “We’re going to market the crude coming out of Venezuela,” he said. President Donald Trump added that Caracas would hand over up to 50 million barrels for sale. The White House said revenue will be held in accounts in Venezuela’s name. Officials also said sanctions are being eased to allow US firms to help rebuild oil facilities, while talks continue with state firm PDVSA over sales arrangements. (PC: NDTV)
