U.S. secretary says oil sales, targeted licenses are central to new Venezuela strategy; funds routed under U.S. control In an interview in Caracas, a U.S. cabinet secretary defended recent U.S.-overseen Venezuelan oil sales, said sale proceeds have been routed through a Treasury- and U.S.-controlled account to Venezuela after an interim Qatar holding, and argued that private companies—not U.S. taxpayers—will rebuild energy infrastructure as part of a strategy to restore stability and attract investment.

A U.S. cabinet secretary reveals a controversial strategy of using oil sales to stabilize Venezuela without taxpayer funding, claiming a significant financial return to the nation.

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