U.S. Sends $500 Million in Venezuelan Oil Proceeds to Caracas

The United States has transferred the proceeds from sales of Venezuelan oil to Caracas, following a deal agreed by the two governments in January. The deal involved Venezuela “turning over” between 30 million and 50 million barrels of crude to the United States, according to a social media post by President Trump. The U.S. would then sell the barrels and use the money to help revive Venezuela’s economy, per statements made at the time. “Venezuela has officially received all $500 million from the first Venezuelan oil sale,”...