The US announced it will control sales of sanctioned Venezuelan oil "indefinitely" to maintain leverage over the Venezuelan government, with initial sales projected to be between 30 million and 50 million barrels.

• Sales are expected to generate approximately $2.8 billion (£2.1 billion) from the initial 30 million to 50 million barrels.
• Energy Secretary Chris Wright stated the revenue would be controlled by the US government to drive changes in Venezuela.
• The plan involves "selectively" rolling back American sanctions on Venezuelan crude, with the US actively marketing the oil to be sold at its market price.