A U.S.-controlled bank account has received roughly $12 billion in Venezuelan oil revenue, according to a new report.
The account’s operations reveal how Washington manages Venezuelan oil money following the capture of the country’s president.
Details of the arrangement remain limited, but the report links the funds directly to oil sales overseen by U.S. authorities.
The disclosure offers a rare look at the financial mechanics behind Washington’s approach to Venezuela’s oil sector.
Venezuela holds the world’s largest proven oil reserves, making its revenue a central issue in U.S. policy toward the country.
The report does not specify how the funds have been spent or who holds final authority over disbursements.
Analysts say transparency around the account could shape debates over how Venezuelan oil wealth is handled going forward.
