💨 Abstract

The U.S. imposed sanctions on four companies and associated oil tankers in Venezuela's oil sector, targeting traders involved in sanctions evasion for President Nicolás Maduro's government. The Treasury Department highlighted risks for those in the Venezuelan oil trade. This move is part of the Trump administration's pressure campaign on Maduro, which includes increased military presence and a blockade on sanctioned vessels. Oil exports from Venezuela have been significantly reduced as a result.

Courtesy: theprint.in