US Mulls Sanctioning Venezuelan Oil as ‘Economic War’ Continues
NOVANEWS
The Trump administration is debating imposing sanctions on Venezuela’s oil sector, while Washington has raised “concerns” about U.S. firms giving a “financial lifeline” to the South American nation.
Reuters reported Sunday that the White House could hit Venezuela’s vital oil and energy sector, including state-run oil company PDVSA, with a number of different sanctions, including the possibility of a blanket ban on Venezuelan oil imports — imports that the United States heavily relies on.
Since President Donald Trump took office in January, he has stepped up targeted sanctions against Venezuela, including against the vice president, the chief judge and seven other Supreme Court justices.
While Trump officials hem and haw over the move that would further incapac...