The Trump administration has quietly approved a specific license allowing Chevron to restart operations in Venezuela, signaling a shift toward prioritizing energy interests over strict sanctions. The deal allows Chevron to pay Venezuela’s PDVSA in oil, raising concerns it may benefit the Maduro regime despite U.S. denials. The move reflects a more pragmatic U.S. approach amid ongoing backchannel talks and global energy pressures, potentially reshaping relations with Caracas. They write:
In a marked shift in U.S. policy toward Venezuela, the Trump administration has quietly approved a new license allowing oil giant Chevron to restart its operations in the South American nation, according to sources with direct knowledge of the negotiations.
The decision this week represents a departure from earlier hard-line measures and suggests a recalibration aimed at balancing energy interests with ongoing foreign policy challenges involving the Nicolás Maduro regime. […]
For now, the resumption of Chevron’s operations marks a potentially significant turning point in U.S.-Venezuela relations — one that could reshape diplomatic, economic and political dynamics in the region.
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