Trump Weighs Extending Chevron's Venezuela Oil License Amid Sanctions
2025-03-20
The Wall Street Journal
The Trump administration is considering a plan to extend Chevron's license to pump oil in Venezuela, despite ongoing sanctions. This move could have significant implications for the oil industry and US foreign policy. The proposal would allow Chevron to continue operating in Venezuela, while imposing financial penalties on other countries that do business with the South American nation. This development comes as the US aims to increase pressure on the Venezuelan government. Key players in the oil industry, including Chevron, are closely watching the situation. The decision may impact global oil prices and international relations, with potential consequences for energy markets and geopolitical stability.