Trump Administration Weighs Tighter Sanctions on Venezuelan Oil

  • The Trump administration is considering additional sanctions on Venezuela aimed at halting the remaining fuel transactions permitted with the South American nation, according to people familiar with the matter.
  • The measures could target crude swaps with companies in Asia and Europe.
  • S. officials have debated the move for months, yet they initially prioritized actions against Iran, which began exporting gasoline to fuel-starved Venezuela. The sanctions have not been decided and talks are ongoing.

(Source: Bloomberg)