US eases Venezuela oil sanctions as Trump seeks to boost world oil supply during Iran war

US eases Venezuela oil sanctions as Trump seeks to boost world oil supply during Iran war

US companies can now do business with Venezuela's state oil firm, Petroleos de Venezuela SA. The US Treasury Department has eased sanctions, allowing direct oil sales. This move aims to increase global oil supplies amid the ongoing war with Iran. Global oil p…

US companies will be allowed to do business with Venezuela's state-owned oil and gas company after the US Treasury Department eased sanctions, with some limitations, on Wednesday as the Trump adminis… [+818 chars]