January 30, 2026

US lifts some sanctions on Venezuelan oil

Business

The U.S. is lifting some sanctions on Venezuelan oil, seeking to allow American firms to trade and sell more oil that is produced there. The move comes as the administration has said it will sell Venezuelan oil following its capture of leader Nicolás Maduro. Previously, two commodities traders, Trafigura and Vitol, were given permission to help facilitate the...

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