Brief by Shorts91 Newsdesk / 07:10pm on 10 Jan 2026,Saturday International
U.S. President Donald Trump signed an executive order declaring a national emergency to safeguard Venezuelan oil revenue held in U.S. Treasury accounts from seizure by courts or creditors, aiming to support U.S. foreign policy objectives and political stability in Venezuela. The order blocks any judicial process against these funds, which are considered sovereign assets of Venezuela but held under U.S. custody. Washington says controlling the revenue helps advance its strategic interests, including stabilising Venezuela and countering illicit networks. This move follows heightened U.S. involvement in Venezuela’s political and energy sectors and comes amid broader geopolitical and economic shifts involving Venezuelan oil exports. (PC: India Today)
