Rubio explains US oversight of Venezuelan oil sales

Published January 28, 2026 5:34pm ET



The Trump administration will begin allowing Venezuela to sell oil subject to U.S. sanctions in the near future with the revenue initially going to specific government services subject to Washington’s oversight.

Secretary of State Marco Rubio offered insight into the administration’s strategy for handling the sale of Venezuelan oil and what will happen with the money from sales during Wednesday’s Senate Foreign Relations Committee hearing.

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