U.S. insists all options are on the table with Venezuela

2 Aug 2017   Venezuela

All options remain on the table for U.S. sanctions on Venezuela, including oil, though industry reports were mixed on the potential impact. Crude oil prices edged higher late last week and into Monday on expectations that the U.S. government would respond to weekend elections in Venezuela with sanctions on its oil sector, a cornerstone of its economy. The election was seen as a move by Venezuelan President Nicolas Maduro to silence his critics and the U.S. State Department said after the vote “it would “take strong and swift actions against the architects of authoritarianism in Venezuela.” On Monday, the U.S. government sanctioned Maduro himself, but left oil restrictions off the table. When asked […]

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