Venezuela's acting president signs law to privatize oil sector

Venezuela's acting president signed a law opening the nation's oil sector to privatization, reversing a core socialist tenet. Lawmakers approved the overhaul, less than a month after the seizure of then-President Maduro. The U.S. began easing oil sanctions and expanding U.S. companies' operational abilities. This legislation allows private companies control over oil production and sales, and independent dispute arbitration, aiming to attract foreign investment after decades of state control.