Story perspectives

Trump Bypasses Congress to Control Venezuelan Oil Revenue

1/16/2026

Summary

Story summary

U.S. President Donald Trump consolidates control over Venezuelan oil revenue by bypassing Congress and moving funds to Qatar.
The move shields assets from creditors owed billions.
Trump endorses Delcy Rodríguez, the new leader of Venezuela, while Rodríguez distances herself from Cuba to appease U.S. interests.
The U.S. military's involvement in Venezuela signals a shift from isolationism to domination among Republicans, and ICE uses ELITE to target potential deportation subjects.

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Story summary

U.S. President Donald Trump consolidates control over Venezuelan oil revenue by bypassing Congress and moving funds to Qatar.
The move shields assets from creditors owed billions.
Trump endorses Delcy Rodríguez, the new leader of Venezuela, while Rodríguez distances herself from Cuba to appease U.S. interests.
The U.S. military's involvement in Venezuela signals a shift from isolationism to domination among Republicans, and ICE uses ELITE to target potential deportation subjects.