Trump finalizes the first major oil deal with Venezuela, securing $500 million

U.S. government officials stated that the first oil deal with Venezuela reached by President Trump's administration is valued at $500 million. The interim leadership of Venezuela, led by Rodríguez, has been "fully cooperating" since the U.S.-Venezuela energy agreement was announced last week. As indicated by last Friday's executive order, the proceeds from oil sales are currently held in bank accounts controlled by the U.S. government. The main account is located in Qatar, a neutral location where funds can flow freely with U.S. approval and without the risk of being seized. Trump's order also noted that at least part of the revenue will be deposited into U.S. Treasury accounts. (Semafor)