US Considers Oil Sanctions on Venezuela

• 18 Apr 2024

On 16th April 2024, US administration signaled potential oil sanctions on Venezuela, citing concerns over Venezuela President failure to meet election commitments.

Key Points

• Potential Sanctions: US administration considers reimposing oil sanctions on Venezuela due to electoral concerns.
• Looming Deadline: U.S. likely to not renew six-month license granting partial sanctions relief, expiring soon.
• Compliance Issues: Venezuela government has complied partially with election commitments but faces criticism.
• Balancing Act: Administration aims to avoid full return to Trump-era "maximum pressure" campaign.
• Global Impact: Concerns about higher oil prices and increased migration influence U.S. decision-making.
• Uncertain Future: Venezuela President defiance and unresolved electoral issues complicate the path forward for U.S.-Venezuela relations.