Trump signs order protecting Venezuelan oil revenue from legal claims

President Donald Trump on Saturday signed an executive order to protect revenue from all sales of Venezuelan oil held in U.S. Treasury accounts from seizure by courts or creditors.

Citing the International Emergency Economic Powers Act and the National Emergencies Act, Trump said the executive order is necessary to protect the national security and foreign policy of the United States and its efforts to bring political stability to Venezuela.

“Specifically, the attachment or the imposition of other judicial process against the Foreign Government Deposit Funds will substantially interfere with our critical efforts to ensure economic and political stability in Venezuela,” the order reads. :The failure of these critical efforts would jeopardize major foreign policy objectives of the United States, including: ending...