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U.S. to control money from Venezuela oil sales after tanker seizures

CBS News · Recent
CBS News
CBS News
Recent

U.S. forces on Wednesday seized two oil tankers, one in the North Atlantic and the other in the Caribbean, as part of the Trump administration's blockade of Venezuela's oil exports. Secretary of State Marco Rubio said the U.S. will take between 30 million and 50 million barrels of oil and sell it in the marketplace.

Breakdown
  • U.S. seized two Venezuelan-linked oil tankers under international sanctions 7s
  • U.S. plans to control and sell 30–50 million barrels of Venezuelan oil 1m 52s
  • Proceeds will be managed to benefit Venezuelans, not the regime 2m 1s
  • Democrats criticized the plan as theft and an attempt to control Venezuela 2m 21s
  • President Trump said U.S. control of Venezuela may last over a year 2m 41s