💨 Abstract

President Donald Trump has announced the termination of an oil transaction agreement with Venezuela, dated November 26, 2022, effective from the March 1 renewal option. The decision reverses concessions made by his predecessor, Joe Biden. Venezuela's President Nicolas Maduro and his government have consistently rejected U.S. sanctions, viewing them as illegitimate measures and an "economic war" against Venezuela.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖