Daily brief
Venezuela's interim president has advanced a major reform of the country's oil law, marking a break with the state-controlled model established by Hugo Chávez. The changes, which grant autonomy to companies and open the sector to private investment, align with demands from the United States. The move is seen as a step toward allowing US oil companies to operate in Venezuela soon, as indicated by President Trump.
Switzerland has frozen all assets owned by Nicolás Maduro, a move with significant implications for the former president's financial holdings abroad.
The US move to control Venezuela's oil revenue risks creating a showdown with China over the restructuring of Caracas's substantial debt, which is backed by oil shipments.