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Trump Seizes $13B Venezuelan Oil, Holds $500M Offshore

7/23/2026

41 9 Full Breakdown

Summary

Story summary

U.S. President Donald Trump oversaw the seizure of $13 billion in oil after capturing Nicolás Maduro in January and installing Delcy Rodríguez.
The White House said the funds stay Venezuelan property in U.S. accounts.
Trump said the money will aid both peoples.
Rep. Joaquin Castro (D-CA) and Rep. María Elvira Salazar (R-FL) demanded disclosure.
Semafor reported that Trump kept the first $500 million of oil sale proceeds in a Qatar offshore account.

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Story summary

U.S. President Donald Trump oversaw the seizure of $13 billion in oil after capturing Nicolás Maduro in January and installing Delcy Rodríguez.
The White House said the funds stay Venezuelan property in U.S. accounts.
Trump said the money will aid both peoples.
Rep. Joaquin Castro (D-CA) and Rep. María Elvira Salazar (R-FL) demanded disclosure.
Semafor reported that Trump kept the first $500 million of oil sale proceeds in a Qatar offshore account.