US broadly authorizes transactions with Venezuela's oil company PDVSA - Reuters

The Trump administration has broadly authorized transactions with Venezuela's state-run oil company PDVSA, marking a significant shift in U.S. sanctions policy toward the Nicolás Maduro government. The move eases restrictions that had severely limited American companies' ability to conduct business with the Venezuelan oil sector, a key revenue source for Caracas. The authorization suggests the White House is recalibrating its approach to Venezuela after years of strict "maximum pressure" sanctions aimed at pressuring Maduro to step down. The policy change could allow U.S. firms to engage in oil trade and related transactions that were previously prohibited, potentially affecting global energy markets and U.S.-Venezuela relations. The decision comes amid broader administration discussions about Venezuela's political situation and U.S. strategic interests in the Western Hemisphere.