The Trump administration announced it is easing up on sanctions and allowing limited Venezuelan oil transactions following the capture of dictator Nicolás Maduro.

WASHINGTON, DC – In the weeks since the United States snatched Venezuelan President Nicolás Maduro, the Trump administration has been selling the country's oil stash, netting millions of dollars and prompting concerns from lawmakers and industry insiders about corruption.

The United States will allow Venezuela to sell oil that's currently under American sanctions and use the proceeds to pay for basic government services

This used to be one of the world's most productive oil basins, and along with the city of Maracaibo, across the lake, is seen as key to President Donald Trump's plan to get US firms to invest $100bn (£75bn) to rebuild Venezuela's energy industry. The country has the world's largest proven oil reserves, estimated at about 303 billion barrels.

As the Trump administration prepared late last year for the US military operation to capture Venezuelan President Nicolas Maduro, a handful of officials began studying the US approach to oil resources in Iraq following the 2003 US invasion.

Commercial airspace over Venezuela is set to reopen soon, allowing U.S. citizens to travel to the South American nation, President Trump announced Thursday. “I just spoke to the president of Venezuela,

Weeks after toppling Venezuela's leader, US President Donald Trump is turning to a similar playbook on Iran, sending what he calls an "armada" near its shores and warning an unpopular government.Trump has been emboldened on multiple fronts by the tactical success in Venezuela,