Home / Business / US eases Venezuela oil sanctions as Trump seeks to boost world oil supply during Iran war

US eases Venezuela oil sanctions as Trump seeks to boost world oil supply during Iran war

U.S. companies will be allowed to do business with Venezuela’s state-owned oil and gas company after the Treasury Department eased sanctions, with some limitations, on Wednesday as the Trump administration looks for ways to boost world oil supplies during the Iran war.

WASHINGTON — U.S. companies will be allowed to do business with Venezuela’s state-owned oil and gas company after the Treasury Department eased sanctions, with some limitations, on Wednesday as the Trump administration looks for ways to boost world o… [4413 chars]

Source: Chicago Tribune | Published: 2026-03-18T15:57:27Z

Credit: Chicago Tribune

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