Trump forces US oil billionaire to exit Venezuela
The Trump administration is pressuring oil magnate Harry Sargeant III to divest from his Venezuelan business interests. The US Treasury has frozen assets of his offshore company and issued a license to facilitate the unwinding of his ventures in the country.
The Trump administration is dialling up pressure on Florida oil magnate and Republican Party donor Harry Sargeant III to divest from Venezuela. The treasury department on Friday froze the assets of Sargeant's offshore company that participates in Venezuelan oil-producing ventures, according to sources. It also issued a license that would allow him to unwind his interests in the firm, the people said. Sargeant served as a vital back channel between Washington and Caracas during years of deep hostility, accumulating outsized influence on both sides. The department can use a variety of measures to block financial transactions with entities that run afoul of US foreign policy.Catch the latest World News and Live updates. Download the TOI app.
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