File PhotoWASHINGTON, United States, Jan 10, 2026 (BSS/AFP) - US President Donald Trump has signed an executive order protecting US-held money derived from sales of Venezuelan oil, after the ouster of Nicolas Maduro, the White House said. Trump's executive order signed Friday declares a national emergency "to safeguard Venezuelan oil revenue held in U.S. Treasury accounts from attachment or judicial process," the White House fact sheet said. "President Trump is preventing the seizure of Venezuelan oil revenue that could undermine critical U.S. efforts to ensure economic and political stability in Venezuela," the fact sheet said. Sanctioned by Washington since 2019, Venezuela sits on about a fifth of the world's oil reserves and was once a major crude supplier to the United States. Trump sees the country's massive oil reserves as a windfall in his fight to further lower US domestic fuel prices.

Source: Bangladesh Sangbad Sangstha January 10, 2026 19:31 UTC