Rubio details how the Trump administration will control Venezuela’s oil money
January 28, 2026
The United States will allow Venezuela to sell oil that’s currently under American sanctions and use the proceeds to pay for basic government services. That’s what Secretary of State Marco Rubio told U.S. senators Wednesday. He said Washington will oversee how the money can be spent as a way to stabilize Venezuela. Democrats pressed for details and assurances about how the revenues will be managed. Rubio said the plan is only an interim step designed to help Venezuela after the U.S. deposed Nicolas Maduro as Venezuela’s president.