US Relaxes Venezuela Oil Sanctions Amid Iran War, Aiming to Bolster Global Trade

Entertainment National Sports Markets Business & Economy Lifestyle World Astrology & Religion Technology Education & Jobs Auto Politics Viral Opinions

Loading more articles...

US Eases Venezuela Oil Sanctions Amid Iran War, Soaring Energy Costs

US President Donald Trump (Image Courtesy: AP)

N

News18•19-03-2026, 01:01

US Eases Venezuela Oil Sanctions Amid Iran War, Soaring Energy Costs

•Trump administration eases sanctions on Venezuelan oil, allowing companies to deal with PDVSA.
•Move aims to boost global oil supply and incentivize investment in Venezuela's energy sector.
•Payments for Venezuelan oil must go to a US-controlled account, not directly to sanctioned entities.
•Deals involving Russia, Iran, North Korea, Cuba, and some Chinese entities are prohibited.
•US also waives Jones Act for 60 days to facilitate flow of vital resources like oil to US ports.

Read Full Article on News18 in English

✦

More like this

✦

More like this

Venezuela suspends 19 oil, gas production-sharing contracts signed under Maduro, sources say (File image)

Venezuela Suspends 19 Oil Contracts Signed Under Maduro for Review

U.S. Secretary of State Marco Rubio

US Eases Venezuela Oil Ban to Cuba Amid Caribbean Crisis Warnings

Trump, US President, US President Donald Trump, Donald Trump, Donald Trump venezuela, Trump SOTU, SOTU, state of the union address, SOTU address, Trump SOTU address, US oil, Venezuela Oil,

Trump Claims 80M Barrels of Venezuelan Oil, Data Shows Lower Shipments

ट्रंप ने वेनेजुएला का गोल्ड लिया.

Trump Secures Massive Venezuela Gold Deal Amid Iran Tensions

The license was issued after the US interior secretary met acting President Delcy Rodríguez in Venezuela.

US Confirms $100M Gold Transfer from Venezuela Amid Mining License Push

Iranians set fire to US and Israel flags in Tehran on March 17. Source: Bloomberg

US Fights Soaring Oil Prices as Iran Vows Escalation, Middle East Conflict Rages