The D Brief: Offshore banks to hold seized-oil profits; Pay caps for defense CEOs; Army’s flight-school outsourcing, snagged; Right-to-repair urged; And a bit more.

Photo credit: Official White House photo by Daniel Torok via Flickr. US government work. Article by Ben Watson and Bradley Peniston. Defense One – January 8, 2026.

Developing: The White House says it will put the proceeds from selling seized Venezuelan oil into offshore accounts, so that the money would not be held by the U.S. Treasury but be controlled by President Trump, as he declared on social media Tuesday evening.

The official line from the administration: “All proceeds from the sale of Venezuelan crude oil and oil products will first settle in U.S. controlled accounts at globally recognized banks,” the Department of Energy announced Wednesday. “The only oil transported in and out of Venezuela will be through legitimate and authorized channels consistent with U.S. law and national security,” according to a fact sheet. […]

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