Thursday, September 18, 2025

Latest

US To Soften Sanctions On Venezuelan Oil In Exchange For Fair Elections

In a diplomatic turn, the U.S. and Venezuela have crafted an agreement to address longstanding tensions. Under the agreement, the U.S. plans to soften sanctions on Venezuela’s oil sector, and in exchange, President Nicolás Maduro promises an internationally supervised, competitive presidential election in 2024.

The deal is set for formalization in Barbados this week, with U.S. officials expected to attend. Maduro’s 2018 election, widely criticized as rigged, stands as a backdrop to these negotiations. Maduro has now signaled a willingness to ease restrictions on opposition candidates, although the timeline for such moves remains uncertain.

While this agreement is notable, it doesn’t encompass the release of political prisoners in Venezuela or address the status of frozen Venezuelan assets in the U.S. Importantly, the U.S. is expected to impose a timeframe on the sanction reliefs, allowing for their reinstatement if Maduro reneges on his commitments.

Maduro’s pledges also extend to welcoming international electoral observers and enhancing media access for the forthcoming elections. If the deal is finalized, the U.S. could ease certain oil sanctions, potentially allowing Venezuela’s state-owned oil agency to resume business with the U.S.

This potential thaw in relations is timely. Venezuela’s opposition is gearing up for primary elections, and the favorite, María Corina Machado, remains prohibited from running due to Maduro’s restrictions.

U.S. sanctions on Venezuela intensified in 2019 following Maduro’s contested election. However, recent moves, like the U.S.’ decision to resume direct deportation flights to Venezuela, hint at a warming of ties between the two nations.


Information for this briefing was found via the Washington Post and the sources mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Why $10K Gold No Longer Sounds Crazy | Dan Wilton – First Mining Gold

The Pure Silver Set Up! | Joaquin Marias – Argenta Silver Corp

Why $30,000 Gold Isn’t Crazy! | Simon Marcotte – Northern Superior

Recommended

Canadian Copper Secures $8 Million Lead Order From Ocean Partners As Part Of Larger Funding Round

Northern Superior Expands Philibert With 350 Metre Step Out Testing 1.10 g/t Gold Over 25.5 Metres

Related News

A Near-Total Ban of Exports from G7 to Russia Could Push Putin Closer to Xi

The Group of Seven (G7) countries are reportedly mulling over an almost complete ban on...

Tuesday, April 25, 2023, 06:19:00 AM

Russia To Accept Tangerines For Chickpeas To Avoid Western Sanctions

Russia and Pakistan have signed a barter trade agreement to circumvent Western sanctions and overcome...

Wednesday, October 2, 2024, 01:34:00 PM

Microsoft Cuts Off Cloud Services in Russia Amid Sanctions

Microsoft (NASDAQ: MSFT) earlier this week announced it will terminate cloud services for Russian users...

Saturday, March 23, 2024, 07:14:00 AM

Venezuela Paying Iran in Gold in Exchange for Help with Collapsing Oil Refineries

The Hudson Institute, a right wing think tank based in Washington DC, recently published a...

Sunday, May 3, 2020, 01:50:00 PM

Aluminum and Nickel Surge Following Sanctions on Russian Supplies

In response to the imposition of new sanctions by the United States and the United...

Tuesday, April 16, 2024, 10:52:00 AM