USA (Parliament Politics Magazine) January 10, 2026 – Trump barred the judicial seizure of Venezuelan oil monies held in U.S. Treasury accounts with a new executive order.
The directive states that pursuing legal action against the funds would be counterproductive to U.S. foreign policy and national security objectives.
On Friday, the day he signed the order, Trump met with roughly two dozen senior executives in the oil and gas industry at the White House.
The president of Venezuela announced that US energy companies would invest $100 billion to repair the nation’s “rotting” oil infrastructure and raise output to all-time highs when Nicolás Maduro was overthrown.
The United States has acted decisively to take control of Venezuela’s oil future after the Maduro regime was overthrown.
What legal authority did the administration cite for the emergency order?
President Trump’s January 9, 2026, administrative order invokes the International Emergency Economic Powers Act( IEEPA, 50 U.S.C.§§ 1701- 1707) as primary legal authority, declaring a public exigency over Venezuela’s autonomous oil painting earnings held in U.S. Treasury accounts.
IEEPA subventions chairpersons broad powers to regulate foreign deals, indurate means, and block judicial hindrance during declared extremities hanging public security, foreign policy, or frugality.
The order classifies these” Foreign Government Deposit finances” as defended politic means pure from creditor attachments, liens, or judgments booting previous warrants fabrics like EO 13884.
