The Trump administration should dramatically tighten its sanctions on Venezuela by imposing a full embargo on its oil exports to the US, according to Argentine president Mauricio Macri, who said the move would enjoy broad support across Latin America. President Donald Trump unveiled a series of financial sanctions on Venezuela and members of its government over the summer, including prohibiting any US institutions from lending more money to the country. But he stopped shy of more draconian measures such as a full embargo on Venezuelan oil exports to the US. Given the worsening situation for Venezuela, the administration should “absolutely” introduce a comprehensive ban on the country’s oil exports to the US, the Argentine president told the Financial Times in an interview in New York on Tuesday evening. “I think we should go to a full oil embargo,” Mr Macri said. “Things have gotten worse and worse. Now, it’s really a painful situation. Poverty is going up every day, sanitary conditions are getting worse every day.” The Argentine president is the first Latin American leader to openly advocate such as tough step. But Mr Macri, a center-right politician who has succeeded in transforming Argentina from an international pariah to one of Latin America’s emerging starlets, said there would be “broad support” across the region for such a draconian measure, despite the hardship it would entail. “We have been talking about this many times with many people over the past month,” he said. Venezuela’s economic and financial crisis has deepened lately, with president Nicolás Maduro announcing last week that the country could no longer service its foreign debts, summoning bondholders to talks in Caracas next week to discuss a restructuring. Analysts expect the move to result in a disorderly default in the coming days, which will worsen an already precarious situation.