US eases Venezuela oil sanctions as Trump seeks to boost world oil supply during Iran war - AP News
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The Trump administration has eased sanctions on Venezuelan oil as the White House seeks to increase global oil supply during ongoing conflict with Iran. The move reflects the administration's strategy to stabilize energy markets and lower oil prices by expanding available crude sources beyond traditional allies. Venezuela holds the world's largest proven oil reserves, and relaxing restrictions on its exports could bring additional barrels to the international market. The shift signals a pragmatic approach to energy security that prioritizes supply expansion over strict enforcement of previous sanctions regimes. The timing coincides with broader geopolitical tensions in the Middle East that have disrupted regional oil production.
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