The US Treasury Department froze the assets of Bluewave Properties Ltd., an offshore company controlled by Florida oil magnate Harry Sargeant III, on August 8. The company holds interests in Venezuelan oil-producing ventures. This action targets a prominent Republican donor who has been involved in Venezuela’s energy sector since the 1980s. Simultaneously, Treasury issued a license allowing Sargeant to unwind his positions in an orderly divestiture process. In February 2025, Sargeant had facilitated a meeting between Trump’s envoy Richard Grenell and Venezuelan President Nicolás Maduro.
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