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GAO Probes Trump Over $13B Venezuelan Oil Funds

8/1/2026

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Story summary
  • The U.S. congressional watchdog opened an investigation into U.S. President Donald Trump’s handling of $13 billion in Venezuelan oil revenue.
  • The Government Accountability Office (GAO) began reviewing the fund, the first oversight after Washington seized Venezuela’s oil exports in January 2026.
  • Michael Kozak said $3 billion was sent to Venezuela, including $300 million via a Qatar account and $200 million for salaries and oil-sector supplies.