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Trump executive order tightens grip on Venezuelan oil revenue amid US sanction

WEST PALM BEACH, Fla. (AP) — President Donald Trump’s new executive order on Venezuelan oil revenue is meant to ensure that the money remains protected from being used in judicial proceedings.

The executive order, made public on Saturday, says that if the funds were to be seized for such use, it could “undermine critical U.S. efforts to ensure economic and political stability in Venezuela.”

The order comes amid caution from top oil company executives that the tumult and instability in Venezuela could make the country less attractive for private investment and rebuilding.

“If we look at the commercial constructs and frameworks in place today in Venezuela, today it’s uninvestable,” said Darren Woods, CEO of ExxonMobil, the largest U.S. oil company, during a meeting convened by Trump with oil executives on Friday.

During the session, Trump tried to assuage the concerns of the oil companies and said the executives would be dealing directly with the U.S., rather than the Venezuelan government.

Venezuela has a history of state asset seizures, ongoing U.S. sanctions and decades of political uncertainty.

Getting U.S. oil companies to invest in Venezuela and help rebuild the country’s infrastructure is a top priority of the Trump administration after the dramatic capture of now-deposed leader Nicolás Maduro.

The White House is framing the effort to “run” Venezuela in economic terms, and Trump has seized tankers carrying Venezuelan oil, has said the U.S. is taking over the sales of 30 million to 50 million barrels of previously sanctioned Venezuelan crude, and plans to control sales worldwide indefinitely.

“I love the Venezuelan people, and am already making Venezuela rich and safe again,” Trump, who is currently in southern Florida, wrote on his social media site on Saturday. “Congratulations and thank you to all of those people who are making this possible!!!”

The order says the oil revenue is property of Venezuela that is being held by the United States for “governmental and diplomatic purposes” and not subject to private claims.

Its legal underpinnings are the National Emergencies Act and the International Emergency Economic Powers Act. Trump, in the order, says the possibility that the oil revenues could be caught up in judicial proceedings constitutes an “unusual and extraordinary threat” to the U.S.

Grandfather recovering from surgery after bison attack at Yellowstone sent him flying

By WTOP Staff
(CNN) — What started as a yearly trip for a grandfather and his grandson turned into a visit to a Montana hospital after a bison attack at Yellowstone National Park.Carl McDaniel, 65, was hospitalized with a broken femur after a bison charged and tossed him into the air Friday evening at the park’s Bridge Bay Campground, according to McDaniel and the National Park Service.He was visiting the park with his 13-year-old grandson when they decided to take a walk after dinner.Along the way, they encountered a large bison that appeared to be rolling around in the dust and was not bothering anyone, McDaniel told CNN.“We were about a hundred yards away,” McDaniel said. “He was not aggressive; he was not having problems and we took some pictures and decided to walk on.”McDaniel and his grandson snapped a quick photo and continued with their walk, video of the encounter shows. At the same time, a truck drove by, and the driver laid on his horn in what appeared to be an attempt to get the bison to move, McDaniel said. There is no audio on the video.The bison then appeared to become agitated and began running toward the pair.“There was little time to decide what to do. At that point, he was within 100 yards; he could be to us in seconds, so I told my grandson to run in one direction and I went the other to try and draw him away,” McDaniel said.The animal then pushed McDaniel with the top of its head, sending him flying into the air before he hit the ground, the grandfather said.“When I was on the ground immobile, unable to move, he was right on top of me. He could have stomped on me, he could have gored me, he could have done almost anything to take my life, and he did not do so,” McDaniel said.After McDaniel hit the ground, photographer Mike MacLeod, who captured the encounter on video, had to step in, he told Cowboy State Daily.“I was really afraid he was going to gore the guy on the ground, so I stopped videotaping and ran at the bison, yelled loud, and was trying to be as big and intimidating as possible,” MacLeod said.After the bison took off, people rushed over to McDaniel, who was in a lot of pain, MacLeod told Cowboy State Daily. Yellowstone EMS arrived soon after, he said.“Park emergency medical personnel responded and transported him to a nearby hospital,” the National Park Service said in confirming the incident in a statement to CNN.This is the second bison attack at Yellowstone this year. A 12-year-old was injured near Mud Volcano on June 26, according to the agency.After Friday’s attack, “all the people that were there were amazing; they were all positive, they were trying to help as best they could,” McDaniel said. A nurse started tending to his leg, while another bystander held his head.He was then transferred to a hospital in Bozeman, a two-hour journey during which he was in intense pain. He said he was grateful for the paramedic who helped him along the way.McDaniel broke his femur, the body’s strongest bone, in four places near his hip and suffered several bruises. He had surgery Sunday and could stand by Monday.“I will be doing physical therapy for the next few days to get to walk, but it was not as catastrophic as it could have been,” McDaniel said.The National Park Service advises visitors to stay at least 25 yards away from bison at all times and to never approach the animals. “If the bison follows you, spray bear spray as you are moving away, and seek cover behind nearby trees or cars,” the agency said.Correction: An earlier version of this story understated how far visitors should stay away from bison. The National Park Service advises visitors to stay at least 25 yards from them.The-CNN-Wire™ & © 2026 Cable News Network, Inc., a Warner Bros. Discovery Company. All rights reserved.
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