US Seizes Control of Venezuelan Oil Indefinitely

The United States will manage Venezuela's oil sales for an indefinite period, according to U.S. Energy Secretary Chris Wright. The announcement was made Wednesday. This action follows a U.S. military operation last Saturday. During that operation, Venezuelan leader Nicolas Maduro was taken into U.S. custody. Secretary Wright did not specify an end date for the control of oil sales. Venezuela possesses the world's largest proven oil reserves. The move gives the U.S. direct authority over the country's primary source of revenue. The statement confirms continued U.S. oversight of Venezuela's energy sector. This control is a direct result of the change in leadership after Maduro's removal.