# US Treasury freezes Trump donor’s Venezuela oil assets

2026-08-09T01:43:52+00:00 | World & Diplomacy | Indian Opinion Desk

Corroboration: 1 independent outlet

The US Treasury has frozen assets of Florida oil billionaire Harry Sargeant III's offshore company, which operates in Venezuelan oil ventures. Sargeant, a major Republican donor, once served as a key backchannel between Washington and Caracas during years of US-Venezuela hostility. The move is part of the Trump administration's push to force him to exit Venezuela. The Treasury also issued a license allowing Sargeant to wind down his interests in the firm, sources told Times of India.

## Coverage

- timesofindia.indiatimes.com <https://timesofindia.indiatimes.com/world/us/trump-forces-us-oil-billionaire-to-exit-venezuela/articleshow/133061123.cms>

Tags: Harry Sargeant, Republican donors, sanctions, Trump admin, US Treasury, Venezuela oil
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