US EditionTrump signs order to protect Venezuela oil revenue held in US accounts
Trump's order blocks seizures of Venezuelan oil revenues in U.S. Treasury, citing national security and foreign policy; U.S. plans to manage 30-50 million barrels of oil sales, officials said.
- On January 10, 2026, US President Donald Trump signed an executive order declaring a national emergency to protect Venezuelan oil revenue held in US Treasury foreign government deposit accounts, placing the funds under special protection to prevent seizure by US courts and creditors.
- Invoking the 1977 International Emergency Economic Powers Act and the 1976 National Emergencies Act, President Donald Trump acted after a Friday meeting with oil industry executives and the capture of Nicolas Maduro.
- By name, the order blocks any attachment or garnishment against Foreign Government Deposit Funds, which the White House said are Venezuela's sovereign property held in US Treasury custody.
- During a Washington meeting with oil executives Friday, President Donald Trump urged major oil firms to invest $100 billion, and the White House said a deal could supply up to 50 million barrels to US refineries.
- Linking the measure to regional security, the White House said that `Loss of control over these revenues would empower malign actors like Iran and Hezbollah`, threatening US objectives.
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Trump declares national emergency to shield Venezuelan oil cash
A decree is intended to prevent courts or creditors from pawning money on accounts of the US Treasury. With the oil revenues, "peace and prosperity" is meant to return to Venezuela.
Political Wire
Trump Declares Emergency to Shield Venezuela Oil Cash
“President Trump declared a national emergency to shield Venezuelan oil revenue held by the U.S. government from seizure by private creditors, framing it as critical to U.S. national security and regional stability,” Axios reports. “Control of Venezuelan oil — some $2.5 billion worth — is now a cornerstone of the White House’s strategy in the Western Hemisphere and an opening for U.S. companies in the wake of Nicolás Maduro’s capture.”
On Saturday, US President Donald Trump decreed a “national emergency” to protect in US Treasury accounts revenues from oil sales in Venezuela, which would prevent creditors of Venezuela’s foreign debt from claiming funds. The White House stated in a statement that “President Trump is preventing the seizure of revenues from Venezuelan oil that could undermine the critical efforts of the United States to guarantee Venezuela’s political and economi…
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