From Quartz.

The U.S. government completed its first sale of Venezuelan crude, valued at $500 million, marking a shift in control over the country’s oil exports. Officials describe the U.S. as managing Venezuelan oil sales “indefinitely,” while U.S. forces seized a sixth tanker under a quarantine. Donald Trump and aides are courting at least $100 billion in Western oil investment to revive output near 1 million bpd. Major firms, including ExxonMobil, cite legal risks and degraded infrastructure; Chevron appears open. Experts, including Francisco Rodriguez of the Center for Economic Policy and Research, warn transactions operate in a “legal vacuum” with opaque bidding and allocation. Meanwhile, protests in Iran coincided with price moves; oil traded at $59 per barrel Thursday, down 4% from day before.

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