US Considers Oil Sanctions on Venezuela

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.