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US eases Venezuela oil sanctions as Trump seeks to boost world oil supply during Iran war - AP News
Overview
Easing sanctions on Venezuela’s state oil company and temporarily waiving the Jones Act were intended to boost supply and blunt price spikes caused by the Iran war. The Treasury has also extended a 30-day pause on sanctions for Russian oil shipments, even after initially denying such a step, underscoring a pattern of temporary sanction relief to stabilize markets. Analysts note these actions reduce some supply pressure but carry political and operational risks and may offer only short-term relief.
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ORGTrump administrationORGAP NewsORGU.S. Treasury Department
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