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US Energy Secretary Denies Seizing Venezuela’s Oil, Says Fund Flow Will Be Controlled

According to the US Energy Secretary, the United States will not take Venezuela’s oil but will oversee the movement of related funds.

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Terms & Concepts
  • Energy Secretary: A top official responsible for national energy policy and oversight of energy-related resources in the government.
  • Fund Flow Control: The regulation and oversight of how money moves between accounts or entities, often used to ensure compliance or prevent misuse.