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Trump Keeps $500 Million Venezuelan Oil Funds in Qatar

7/22/2026

25 6 Full Breakdown

Summary

Story summary

U.S. President Donald Trump is reported to be keeping proceeds from the first $500 million Venezuelan oil sale in an offshore account in Qatar.
The Financial Times said no oil money has returned to Venezuelans and that Venezuela’s Q1 GDP was the lowest in five years.
Rep. Joaquin Castro (D-TX) said the Trump administration’s control of billions in Venezuelan oil revenue lacks transparency and reflects oil, power and graft.

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Story summary

U.S. President Donald Trump is reported to be keeping proceeds from the first $500 million Venezuelan oil sale in an offshore account in Qatar.
The Financial Times said no oil money has returned to Venezuelans and that Venezuela’s Q1 GDP was the lowest in five years.
Rep. Joaquin Castro (D-TX) said the Trump administration’s control of billions in Venezuelan oil revenue lacks transparency and reflects oil, power and graft.