Policy & Geopolitics
U.S. Transfers $500 Million From First Venezuelan Oil Sale to Caracas
The U.S. has transferred $500 million of proceeds from an initial sale of Venezuelan crude into a Qatar-held account under American oversight, earmarked for essential public services in Venezuela. The payment is the first tranche of a larger monetization plan that could involve tens of millions of barrels, but physical export capacity, domestic banking limits and legal reforms will shape how quickly those dollars translate into durable recovery.
